Equity Trustees selected by Future Super

Equity Trustees has announced it has been appointed as the superannuation trustee of the Future Super Fund from 1 July.

The appointment includes Future Super, which does not invest in the fossil fuel industry, and ethically invested superannuation offering focused on women, Verve Super.

The Future Super Fund, which includes Verve, manages more than $1.8 billion in superannuation assets for more than 50,000 members.

Future Super was established in 2014 to create a “a future free from climate change”.

“This appointment reaffirms Equity Trustees as the foremost provider of independent superannuation trustee services in Australia,” Andrew Godfrey, Executive General Manager of Superannuation Trustee Services, at Equity Trustees, commented on the appointment.

“Our funds under supervision were up around 16% (to $44.8 billion) in the financial year ending 30 June 2023, with 631,000 superannuation fund members representing an increase of 81,000 members over that same period. The appointment to the Future Super will now add over 50,000 members to the fold,” he added.

The company also announced that the superannuation trustee boards, which oversee the superannuation trustee business (Equity Trustees Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd), also welcomed this year two new appointments – David Coogan and Steven Carew, who together would bring significant additional superannuation advisory, audit and investment experience.

Separately, Godfrey confirmed that one of its long-standing board members, Ellis Varejes, retired at 30 June.