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.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
