Trust Company has picked up a key superannuation mandate, with Financial Synergy subsidiary Top Quartile Management awarding it a $200 million mandate to act as trustee for a number of superannuation funds.
Commenting on the mandate, Trust’s executive general manager of institutional services, Vicki Allen, said it represented a significant win for the company.
The list of funds to be migrated to Trust includes Austock Brokers Superannuation Fund, GrowSuper Model Super Fund, Super Synergy Fund, Synergy Secure, Top Quartile Super Trust and Wealthcare Super Service.
According to Trust, Financial Synergy will continue to administer the funds while Trust will oversee compliance, investment of fund assets, communication, accounting and administration.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
All merger proposals will have to be approved by the consumer watchdog under the sweeping merger reforms announced by the government on Wednesday.
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