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Showing 11 - 20 of 100+ results for "Funds SA"

Super funds progress merger talks

JAMIE WILLIAMSON  |  THURSDAY, 12 AUG 2021
Two industry super funds have signed an agreement to explore a merger following a short period of discussion. Hostplus and Statewide Super have signed a Heads of Agreement, with a note on the former's website dated last week confirming the "important ...

FEAL welcomes new board directors

JAMIE WILLIAMSON  |  FRIDAY, 2 JUL 2021
The chief executives of Funds SA and BUSSQ have joined the board of the Fund Executives Association Ltd, replacing two long-serving directors. Effective July 1, Funds SA chief executive Jo Townsend and BUSSQ chief Damian Wills are now directors on the ...

Sunsuper, QSuper appoint leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JUN 2021
The bulk of the executive lineup that will lead Sunsuper and QSuper post-merger has been named. In addition to Bernard Reilly as chief executive, eight more executives have been appointed to lead the merged fund following all relevant approvals. Most ...

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The two industry superannuation funds have signed a memorandum of understanding to weigh a potential merger. If the merger proceeds, the combined fund will have about 130,000 members and $12 billion in funds under management. In a joint statement, the ...

Funds SA appoints director of asset allocation

KANIKA SOOD  |  WEDNESDAY, 17 MAR 2021
... strategy. Prior to this, he worked at AMP Capital for nearly eight years including as an investment strategist. He started at Funds SA in March and reports to its chief investment officer Richard Friend. "The appointment of Brendan is an important addition ...

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
With LGIAsuper and Energy Super to merge, the funds' boards have agreed on who will be chief executive. LGIAsuper chief executive Kate Farrar will lead the merged funds from 1 July 2021. The merger of LGIAsuper and Energy Super will see the funds ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
Aware Super is exploring the possibility of merging with a 63-year-old industry superannuation fund. Aware Super has signed a Memorandum of Understanding with the Victorian Independent Schools Superannuation Fund (VISSF), looking into whether a merger ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Members of merged superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at ...

J.P. Morgan dominates custody market

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... J.P. Morgan won several custody mandates last year; CareSuper, TelstraSuper and Xplore are some examples. Meanwhile, Funds SA said in July last year it is ending its 19-year-long custody relationship with J.P. Morgan and will move to Northern Trust. ...

QLD super funds advance merger

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
LGIAsuper and Energy Super will proceed with a merger that is set to finalise as early as 1 July 2021. The board of the two Queensland-based superannuation funds have signed a binding heads of agreement following a two-and-a-half month due diligence ...