The Trustee and its operations

As one of the most trusted providers of financial products and services in Australia, Perpetual has been entrusted by generations of Australians to manage, grow and protect their wealth.

PSL draws upon Perpetual’s strong fiduciary background, along with its proven investment management experience, to offer a product suite designed to provide our members greater control and flexibility over their retirement savings. We support members and their advisers in the management of each member’s financial journey throughout their lifetime.

PSL’s purpose is “enduring prosperity for the lifetime of our members”. This is underpinned by PSL’s vision to be the trusted provider of market-leading superannuation solutions in our chosen segments, and by PSL’s three core values – excellence, integrity and partnership.

As the holder of a Registrable Superannuation Entity (RSE) license, PSL is regulated by the Australian Prudential Regulation Authority (APRA). By having a single entity within Perpetual as the licensee for all APRA regulated superannuation funds, PSL is able to focus solely on Perpetual’s superannuation offering and outcomes for members of Perpetual’s superannuation funds thereby helping it to discharge its fiduciary and trustee duties to fund members.

The Board of Directors oversees all aspects of PSL and is made up of 3 independent non-executive directors and 2 Perpetual Group executive directors. Further information on the directors is provided below.

Perpetual’s business divisions are responsible for manufacturing, offering, distributing and marketing the superannuation products (collectively the “Funds”). which are set out in the table below. 

PSL is committed to providing quality service to its members and through various internal and external relationships, employs competent and specialist staff to manage our funds on a day to day basis under the direction of and by delegation from the Trustee Board. The Trustee Board has a number of delegated committees in place as executive bodies that strategically govern and oversee the operation and investments of the funds and report on their services to ensure that PSL runs efficiently on a day-to-day basis and that key obligations and service standards are met or exceeded.

PSL’s key service providers, whose services may affect a material business activity, are listed below. These service providers may also have various consultants and panels of advisers that they use for specialist advice, but the following reflect the key relationships within Perpetual and with external service providers.

In accordance with PSL Conflicts Management Framework, PSL maintains a Register of Relevant Interests and Relevants Duties for PSL, its associates and responsible persons.

Board appointment and renewal. It is PSL's policy that its Board of directors, collectively, comprise an appropriate mix of skills, experience and personal attributes, and to ensure that the Board remains open to new ideas and independent thinking, in order to enhance Board performance and ensure that the board acts in the best interests of beneficiaries of PSL’s superannuation funds.

Information about our Directors and Executive Officers. The Board of Directors oversees all aspects of PSL and is made up of 3 independent non-executive directors and 2 Perpetual Group executive directors.