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Showing 91 - 100 of 160 results for "Successor fund transfer"

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
The two industry superannuation funds will progress merging after signing a Successor Fund Transfer deed. The SFT, due to take place on 1 April 2022, will see Statewide Super transfer its members and investments to Hostplus, effectively creating a $85 ...

AustralianSuper, Club Plus complete merger

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... has welcomed almost 60,000 new members following the completion of its merger with Club Plus Super. The successor fund transfer, announced in May, saw the transition of $3.2 billion in funds under management and brings AustralianSuper's total FUM to ...

Aware Super, VISSF finalise merger

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
Aware Super has completed the successor fund transfer with the Victorian Independent Schools Superannuation Fund (VISSF). From today, VISSF members are now part of Aware Super, with the latter now supporting more than 200,000 members in the education ...

UniSuper, Australian Catholic Super exploring merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
... after one year of discussions. The plan was to merge by late 2021, subject to due diligence and via a successor fund transfer. Also in August, ACSRF's LifeTime One MySuper product failed the APRA performance test. ACSRF chair David Hutton said: "The ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
... completed merger before the end of the 2021/2022 financial year. The merger will be completed through a successor fund transfer deed, which will move LUCRF members over to AustralianSuper. "We want to provide our members with a quick and seamless transition ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Equip has finalised its latest successor fund transfer, adding $765 million to its funds under management. The fund's merger with BOC Super was official as of November 1, with Equip welcoming about 3000 new members in the process. BOC is a supplier ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
... performance test results being made public that the product would close, with BT Funds Management saying a successor fund transfer or an intra fund transfer would occur in mid-October and be completed in November. Under the changes, members who were ...

Cbus, Media Super sign SFT deed

JAMIE WILLIAMSON  |  WEDNESDAY, 1 SEP 2021
The two industry super funds have progressed their plans to merge, officially signing a successor fund transfer deed. Together, the funds will manage more than $70 billion in retirement savings for about 850,000 members. As part of the deal, Cbus will ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... Financial Standard first reported. The plan was to merge by late 2021 subject to due diligence and via a successor fund transfer. The combined board was to have 12 seats, split evenly across the two funds. On August 25, the two funds said they have decided ...

Super funds progress merger talks

JAMIE WILLIAMSON  |  THURSDAY, 12 AUG 2021
... due diligence has now commenced, with the funds' respective boards anticipating they can execute a successor fund transfer deed and complete a merger in Q2 of next year. At the time, Hostplus and Statewide said there is a "fundamentally strong alignment ...