Five leading symphony orchestras have appointed industry fund Just Super as their default superannuation fund.
The Adelaide Symphony Orchestra, Queensland Orchestra, Tasmanian Symphony Orchestra, Melbourne Symphony Orchestra and Sydney Symphony Orchestra all signed up to Just Super after a Federal Government decision prevented them from contributing to their former superannuation fund PSS/CSS (now ARIA).
Deloitte investment consultant Tony Miller was commissioned by the orchestras to conduct the tender.
"The orchestras faced a series of difficult decisions, given what had happened with their existing superannuation arrangements," Miller said.
"Their requirements were diverse and it was difficult trying to find a single provider that met all of their needs."
Just Super is the superannuation fund for arts, entertainment and media professionals. It has $700 million under management and 43,000 members.
