Funds Management News

Vanguard Super opens to the public

Posted by Anton Murray Consulting on . Posted in Funds Management News


With the vision of “reshaping superannuation for the benefit of all Australians”, Vanguard Super is launching with an accumulation product – Vanguard Super SaveSmart – which includes a MySuper default fund called Lifecycle, as well as a range of index-based diversified and single sector investment options as part of the choice menu, the firm said on Friday.  “Vanguard believes saving for retirement shouldn’t be complex. That’s why we’re delighted to launch Vanguard Super, a compelling new offer that combines real simplicity with smart, global investment expertise. We want to deliver members a low-cost, high-quality super fund that includes a default offer designed to move with them right through life,” Vanguard Australia managing director, Daniel Shrimski said.

“As the first new entrant into the Australian superannuation industry in years to gain an RSE licence, and launching despite industry consolidation, we’re here because we truly believe we can improve retirement outcomes for Australians and be a catalyst for much needed change in the industry.” Vanguard confirmed a 0.58 per cent yearly fee on its default options, representing the lowest in the Australian superannuation market for member balances under $50,000, and members aged 47 years and under.

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