Tasplan converts to unitisation
Industry super fund Tasplan has converted to a fully unitised fund — a significant step towards allowing its performance to be compared with those of other funds.
Tasplan chief executive officer Neil Cassidy said the transition from crediting rates to unitisation will add to fund’s transparency, since unit prices will be issued weekly and will be accessible through the fund’s website.
“The move was designed to keep Tasplan operating at best practice standards whilst also providing improved reporting services for members,” Cassidy said.
“Members and regulators want funds to be more accountable,” he added.
Cassidy said the transition, which has taken the last six months to complete, was an important and complex project for the fund.
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