Energy Super provides investment clarity
Queensland-based industry fund, Energy Super has launched a new web-based investment tracking tool for its members.
The fund announced this week that the tool would allow members to track which specific properties, infrastructure, equities, government bonds and other assets their super was invested in.
It said the tool, embedded into the fund’s web site not only highlights the asset classes used by each of the fund’s investment options, but details each asset class’ managers, the funds underlying investments and value.
Commenting on the tool, Energy Super chief executive, Robyn Petrou said it was intended to provide a deeper level of fund transparency and accountability, and responded to growing member interest about where their super was actually invested.
“Our challenge was to develop a way to show members, in a simple but informative manner, the range of assets their super is invested in,” she said. “We’ve achieved this by creating an easy-to-understand table showing our investment options and the asset classes each of these invests in, with additional detail on each asset class’ managers and investments behind it.”
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
