01/08/2008
He says VFMC is reviewing its own requirements for staff, but there are some questions around how far you spread the net of who is captured by the disclosure requirements and investment restrictions.
“For example, to what extent do the Chinese walls extend to the staff member’s family?” he asks. “We’re still working on it.”
The $170 billion fund has cut administration fees from 0.16 per cent to 0.08 per cent, following a platform migration completed in 2022 and a pension book that has roughly doubled in five years. Head of retirement income Darren Williams says that for now the fee is as low as it can go.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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