NGS Super goes west

The Non Government Schools (NGS) super fund is looking at building its presence in Western Australia and is talking to a number of Perth-based schools this week.

Although the fund already has a few Perth-based members, chief executive Colin McGuinness says it is actively promoting itself as a default option for Western Australian schools. “They’ve had choice in Western Australia for some time,” he said. Western Australian state award and state industrial agreement employees had choice prior to July last year. NGS extended its reach into South Australia last year after it become the successor fund for the Catholic Church Staff Superannuation Fund, and merged with the Independent Schools Superannuation Trust (ISST) when those funds decided not to obtain their APRA license under the new RSE regime. NGS also became a public offer fund earlier this year and currently has over $2 billion in funds under management.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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