Vanguard Super launches as Australia’s pension sector adjusts to greater scrutiny

The world's second-largest fund manager Vanguard launched a pension fund in Australia on November 11, after obtaining the first new fund license to be granted in six years from the Australian Prudential Regulation Authority (APRA). After successfully managing money in Australia on behalf of superannuation funds, financial intermediaries and small retail direct business for the last twenty-four years, Vanguard’s team believed they could build a compelling offer that could also disr…