NGS Super is the latest industry fund to receive the go-ahead from the Australian Prudential Regulation Authority (APRA) to offer a MySuper product mid-year.
Its current default product, the diversified investment option, has been determined as compliant with incoming legislation for new default products under MySuper.
NGS Super chief executive Anthony Rodwell-Ball said MySuper was part of a broader product focus for the fund.
"While the MySuper product isn't significantly different to our current default product, we are investing in product development across other areas at the moment," he said.
The fund will roll out a number of new initiatives over the next 12 months, he said.
According to Rodwell-Ball, although Stronger Super would make a positive change in many areas of superannuation, it wouldn't solve some of the bigger picture challenges.
"Funds still have the important job of educating Australians about how to save enough for retirement," he said.
Compliance with regulatory reforms was seen within a broader spectrum of ongoing improvements for the fund, he said, despite some of the difficulties in managing the raft of current compliance.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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