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CSF provides an update to CaSPA Board

Posted on 17 March 2017
CSF provides an update to CaSPA Board

Above: Robert Clancy from CSF addresses the CaSPA Board in Hobart

At each Board meeting, the CaSPA Directors have a meeting with one of its Platinum Partners in order to better understand their work and to see how both parties can assist one another. Following are some of the key items mentioned in the meeting with Robert Clancy from CSF

  •  Catholic super have recently acquired a banking licence
    • This is being developed to include providing mortgages
    • Will develop online banking and credit cards by the end of the year
    • In future CSF will be able to provide financial investments for institutions in the sector
  • There is also the chance of future mergers with like Super Funds
  • Up to 18 Catholic schools have joined a CSF sponsored program - "Super Friend"
    • This is desigend to support staff who are experiencing Mental Illness
  • One of the current Investment strategies of CSF is to provide financing for PPP projects in the education sector
  • Another initiative is the roll out of Solar Panels to school systems
    • This only work for a Catholic System where that system actually owns the schools
  • It was explained that the fund is not owned by the Church and hence is not liable for any debts the Church may attract
    • The company is in fact owned by the members who have superannuation accounts with CSF
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