Guild Financial Services is reviewing the member administration arrangements for its two super funds totalling 55,000 members and $520 million under management, just after replacing its implemented consultant.
Guild Financial Services (Guild FS) is the trustee for two funds, the pharmacy industry’s Guild Super with 43,000 members and roughly $450 million under management, and the Australian Child Care Super Fund with 12,000 members and roughly $70 million. Both funds are presently administered by Primary Superannuation Services, which was sold to Australian Administration Services in June. Guild FS product manager, Angelos Siapkas, said Primary’s latest three-year contract would expire next June. He said service levels had not changed since the AAS acquisition, but that it was prudent to review arrangements – Heron Partnership has already supplied the fund with a report comparing all the admin providers in the market. Siapkas said a move to internal administration was an option, but “;unlikely”;. Guild FS recently terminated InTech’s services as implemented investment consultant for Guild Super, and moved both its funds into Mercer’s implemented trusts after a tender conducted by Chant West. Separately, the Guild FS trustees have introduced age-based default investment options for all members of both their funds.
As super fund CIOs return to work for 2025, all eyes are on two things: Donald Trump’s presidency, and inflation. But they’re not the only issues that will drive investment decisions and returns, and some of them may present an unfamiliar set of challenges for a cohort of investment professionals that has grown up experiencing a particular set of market and economic conditions.
Simon HoyleJanuary 7, 2025
