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.
2024 Fiduciary Investors Symposium VIC
Skin in the game critical to UniSuper’s partnership with Macquarie
Macquarie’s willingness to use its own balance sheet to stand alongside UniSuper, as well as the manager’s boots on the ground, were two factors that helped it clinch the $140 billion super fund’s decision to commit US$400 million ($610 million) to a renewable energy fund, the Fiduciary Investors Symposium has heard.
Simon HoyleNovember 12, 2024