Sunsuper allies with Vanguard
Queensland-based fund, Sunsuper has entered into an alliance with investment firm, Vanguard Group, to "share expertise and resources".
The alliance was announced to the market today, with Sunsuper chief executive, Scott Hartley saying that as as the world's largest mutual investment manager, Vanguard shared common business values with the fund.
As part of the arrangement, Sunsuper will direct mandates for passive investment management to Vanguard "as appropriate and subject to favourable market conditions"
"This alliance represents a fantastic opportunity for Sunsuper," Hartley said. "Both Sunsuper's members and staff are set to benefit from the expertise and the $3 trillion global investment scale Vanguard brings to the alliance. It will give Sunsuper direct access to Vanguard's investment management expertise plus the ability to draw on a broad range of functions, including member services, product development, digital and technological development, and economic and market insights."
"Our aim is to extract as much value from the relationship as we can in order to pass the benefits of Vanguard's world-class expertise on to our customers in the form of new and improved products and services," Hartley said.
Vanguard Australia Managing Director, John James described the alliance as exciting saying it brought Vanguard's global scale to Sunsuper.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
