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Showing 101 - 110 of 157 results for "Successor fund transfer"

Industry funds flag $77bn merger

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... with other industry funds to either merge or pool the assets of members. On June 25, Hostplus signed a successor fund transfer (SFT) agreement with the $3 billion Intrust Super. In February, it combined its assets with the $6 billion Maritime Super. ...

Catholic Super to drop fees

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... Catholic Super members are set to drop by up to 20% as its joint venture with Equipsuper becomes a legal successor fund transfer. With the SFT set to finalise on June 30 and all Catholic Super members to transfer from the MyLifeMyMoney Superannuation ...

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21. Hostplus and Intrust Super are targeting a completion of the merger by November 26. It is understood that ...

LGIAsuper to rebrand

ELIZABETH MCARTHUR  |  TUESDAY, 22 JUN 2021
... executive Kate Farrar tells Financial Standard there are some big changes ahead. From 1 July 2021, the successor fund transfer of $9 billion Energy Super into $13 billion LGIAsuper will be complete but the fund's three-way merger with the $6.4 billion ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... maximum amount of time one should remain on a super fund's board. It's also good timing as the successor fund transfer that Catholic Super and Equip have been working towards since 2019 is set to complete at the end of the month, perfectly bookending ...

Equip, Catholic appoint acting CIO

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... remain with Togethr Trustees until July, to deliver one of her key responsibilities of finalising the legal successor fund transfer and joint venture between Equip and Catholic Super, which will deliver significant benefits to members," a spokesperson ...

TAL fund in SFT

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
TAL Superannuation and Insurance Fund members will be transferred to a new fund under a successor fund transfer. On 31 May 2021, all members of the $1.1 billion TAL Superannuation and Insurance Fund will be transferred to Mercer Super Trust by way of ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
A defined benefit fund with $77 million in funds under management is completing a successor fund transfer to a Mercer subplan. Factory Mutual Insurance Company Superannuation (FMIC) members and assets will be transferred from the existing fund to a ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... outsourced services causing underperformance. If, two years later, the fund then fails both tests again then a successor fund transfer should be compulsory, Mercer said. Returning to the discussion around stapling, Boyfield said it is likely superannuation ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
... the sub-$6000 accounts to the ATO. "We went through a competitive tender process pre-COVID but the SFT [successor fund transfer] was put on hold last year," Industry Fund Services chief executive Cath Bowtell told Financial Standard. "Hostplus was the ...