Superhero Super makes senior hires as it updates investment range

Superhero has announced updates to its superannuation offering including competitive fees and a wider range of investment options.

The fund has made several appointments in the second half of 2023 with Kimberly McAvoy joining from Vanguard as head of strategic projects and Gabriella Donnelly being hired as senior superannuation administration manager from EISS. 

In November, Karen Arndell joined the fund as head of customer from three years as head of product operations at HUB24.

Earlier this year, the firm announced it has partnered with Mercer to bring Superhero Super members a new range of actively managed diversified and single sector investment options. 

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It has now announced it will also move members to a single, flexible account structure and also offer the ability for members to add and remove direct investments. 

Its investment range includes Diversified, Single Sector, Thematic, and Direct Investment categories while its Direct feature allows members to invest a portion of their super in individual ASX 300 shares without the need for a self-managed super fund (SMSF).

Finally, with a greater focus by super funds on retirement that is currently the subject of a government consultation, it will offer members access to Retirement and Transition to Retirement accounts when they reach the eligible age.

Chief executive John Winters said: “Our priority is providing high value and flexibility while keeping costs as low as possible. We want to support Australians in their wealth generation journeys and know that superannuation is a huge part of that.

“Providing a breadth of investment options and features while keeping costs as low as possible is important to us as we continue to grow the Superhero Super fund.

“We have huge goals we would like to achieve with Superhero Super and building the best team to help us reach these ambitions is essential. The experience we’ve gained through our strategic hires over the last few months will help us reach these goals as we continue to shape the future of wealth management for Australians.”