Austsafe to offer advice through AAS relationship

The $900 million industry fund for rural and regional Australia, Austsafe Super, has partnered with Money Solutions to provide financial advice for its members.

Money Solutions, a financial planning service part-owned by Austsafe’s administrator, Australian Administration Services, will make financial advice available to all of Austsafe’s 163,000 members. Part of a growing trend among superannuation funds, the initiative hopes to make financial advice accessible to a greater range of people. Austsafe will provide the first consultation free of charge, with members having the option to meet the cost of subsequent consultations from the balance of their Austsafe accounts. In a bid to improve its communication with members, Austsafe also announced yesterday the creation of a marketing manager role. The position will be filled by Kimberley Roberts, who has 20 years marketing and communications experience, most recently running her own communications consultancy.

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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.

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