Corporate master trust appoints Equity Trustees as custodian
Equity Trustees (EQT) has been appointed as trustee and custodian of The Executive Superannuation Fund.
This brings total superannuation fund assets in Equity Trustees’ corporate responsible superannuation entity (RSE) business to $2.2 billion.
At the same time Equity Trustees has created the superannuation trustee office, to which it has appointed John Rodd.
Equity Trustees’ managing director Robin Burns said the new role brings all of the firm’s RSE responsibilities under one umbrella.
Rodd’s role will include compliance and superannuation license requirements, and driving business in the trustee for partnership sector.
He has 30 years’ financial services experience, most recently as chief financial officer at Equipsuper.
He will report to the head of private wealth services Geoffory Rimmer, and will be supported by seven team members in Sydney and Melbourne.
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.