Vanguard has delayed the launch of its Vanguard Super until 2022 in order to work through regulatory requirements.
The firm announced board of directors back in April and said at the time, that it expected to launch a superannuation product in 2021.
At the time, Vanguard Australia head of superannuation, Michael Lovett, said: “The current climate has only strengthened our resolve to support Australians in managing their retirement savings in a way that will enable financial peace of mind, and to contribute meaningfully to Australia's superannuation system”.
However, eight months on and there had been no further announcements from the business. A page on the website invited visitors to sign up for further details but offered no further details.
A spokesperson for Vanguard said: “We’re making good progress towards a launch in 2022 but no specific launch date has been set yet.
“We’re continuing to work through the relevant licencing and regulatory requirements, and are focused on ensuring that all elements of our offer, from investment strategy to member experience, benefit from the input of our local and international expertise in delivering retirement solutions.”