ASIC to let funds give limited advice…temporarily

A spokesperson for one super fund expressed concern that funds should not be advising members about switching options without taking their whole financial situation into account. Vamos and Reynolds, however, said that they hoped this latest ASIC measure would lead to longer-term reform enabling funds to give simple advice. The Financial Services Working Group currently has submissions on this issue before Treasury.

 

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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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