Australian Catholic Superannuation appoints new asset consultant
Market-leader Frontier to provide advice and tools to help the fund continue its innovative support for a broad range of Catholic agencies.
Burwood – Australian Catholic Superannuation and Retirement Fund (Australian Catholic Superannuation) has announced a change to its asset consultant, appointing Frontier after a comprehensive review. Frontier will assist the $8.5 billion fund with investment strategy and portfolio advice.
“Frontier is an Australian consultant and was chosen for, amongst other things, their positive track record in asset allocation – that is, the selection of shares and properties that we invest in on behalf of our members – as well as their understanding of the Australian superannuation industry”, said Chief Investment Officer Michael Block.
“A 5-year review of asset consultants is best and standard practice”, continued Mr Block. “Our Investment Committee and Board felt that we could benefit from a change in consultant to improve performance.”
A tender was conducted with the assistance of Chant West, something that Chief Executive Officer Greg Cantor said revealed many strengths. “Our process revealed a very strong case for appointment of Frontier across a number of metrics. The quality of their people, their research process, specialist capability in key sectors and the strong performance they have achieved for their clients over long-periods, were all at the top of the market.”
The change in asset consultant comes after 5 years using Willis Towers Watson. “Looking ahead, there are many interesting investing challenges on the horizon”, concluded Mr Cantor. “We look forward to working with Frontier to lift our risk-adjusted performance to help optimise the retirement savings of our members.”
Australian Catholic Superannuation and Retirement Fund (www.catholicsuper.com.au) was established in 1981 and provides superannuation, insurance, retirement planning and financial planning services for more than 90,000 members and 15,000 employers in Catholic education, healthcare, aged care and welfare sectors. The fund manages a portfolio worth over $8.5 billion.
Frontier Advisors (www.frontieradvisors.com.au) was established in 1994 and with more than $A300 billion in funds under advice is one of Australia’s leading specialist, independent investment advisory businesses. For three years in a row (2016, 2017 & 2018) Frontier has ranked first in more than half of the categories covering asset consultants in the Peter Lee Associates Investment Management survey and been rated with the highest overall score.
Alex Moore, Marketing Manager
Ph: 02 9715 0000