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Showing 91 - 100 of 157 results for "Successor fund transfer"

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 ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... Certane confirmed to Financial Standard it handed back its RSE licence on 30 June 2021 and conducted a successor fund transfer. "Certane is fully supportive of any and all effective measures to strengthen the superannuation industry for the benefit of ...

Super fund chair outlines future strategy

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
... then." After two years as a joint venture model using that licence, Catholic Super and Equipsuper's successor fund transfer officially completed on June 30, with Casey taking over from Andrew Fairley on July 1. Casey served as chair of Catholic Super ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... Education Superannuation Scheme (TESS) and Superannuation Scheme for Australian Universities (SSAU) via a successor fund transfer that came into effect on 1 October 2000. In the 21 years since, it has largely stayed away from mergers barring some smaller ...