Kinetic Super has renamed the group’s financial services company from eo Financial Services to Kinetic Financial Services.
In April the group announced it would consolidate the divisions of Professionals Association Super under the new name, Kinetic Super, to launch a single MySuper product to target Australians’ increased mobility in employment.
The financial services company which forms part of Kinetic Super’s trustee offices group will now fly under the brand name Kinetic Financial Services and will deliver the same Trustee services.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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