Vanguard Super to launch by the end of the year

By Penny Pryor

Index manager Vanguard is on track to launch its super fund by the end of the year and believes what it has created will keep super simple, transparent and effective for its future members.

The much-awaited Vanguard Super is one step closer after the Australian Prudential Regulation Authority (APRA) licensed it as a Public Offer Registrable Superannuation Entity licensee, under the Superannuation Industry (Supervision) Act 1993 on 25 August 2022.

"This important regulatory milestone is the result of a lot of hard work from the Vanguard team and close engagement with APRA throughout," a Vanguard spokesperson said.

Vanguard has over $11 trillion globally in assets under management and is one of the largest providers of exchange traded funds in Australia.