The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.
EQT was appointed as the superannuation trustee of the Future Super Fund from 1 July. The appointment includes Future Super, which doesn’t invest in the fossil fuel Industry; and Verve Super, which is an ethically invested superannuation offering focused on women.
The Future Super Fund manages over $1.8 billion in superannuation assets for more than 50,000 members.
Established in 2014, Future Super’s purpose is to create a future free from climate change and inequality provides superannuation services focusing on zero fossil fuel investment, and clean energy projects with a holistically ethical framework and screening process.
In addition, the organisation’s superannuation trustee boards (Equity Trustees Superannuation Limited and HTFS Nominees) added David Coogan and Steven Carew.
Coogan has also been a part-time director at AvSuper since March 2022. Carew is also currently head of multi boutique platform at Warakirri Asset Management since last November and a senior advisor at the Monash Centre for Financial Studies since last February.
Long-standing board member Ellis Varejes retired at the end of the last financial year. Varejes has also been chair of Pengana Investment Management since 2019.