Mysuper Lifecycle News Today

Superannuation - Finance and investment news for Australian investors, their advisers and the financial services industry.

The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry.

While adding a new head of portfolio management and chief operating officer for investments, Aware Super has lost one of its key portfolio managers to an asset consultant.

The $160 billion Aware Super fund has made a series of senior hires, with the new appointments joining from global roles at Pendal and AMP.

Challenger has partnered with Aware Super to provide a de-risking solution for its defined benefit fund which will mean some 3,000 members see their future pension risk reduced.

The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call.

A senior portfolio manager from Pendal is joining AMP. AMP has named Stuart Eliot as the new head of portfolio management for its multi-asset group (MAG). Mr Eliot will join AMP in April from Pendal

AMP has appointed a new head of portfolio management for its troubled multi-asset group (MAG), hiring from Pendal.