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Showing 11 - 20 of 76 results for "TWUSUPER"

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER, and First Super have each contributed more than $1 million to unions, covering expenses ranging from directors' fees ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming discussions were underway. The funds are now ...

Mine Super, TWUSUPER commit to merger

JAMIE WILLIAMSON  |  FRIDAY, 29 SEP 2023
... ahead, with the chief executive selected. A successor fund transfer deed has been signed that will see Mine Super and TWUSUPER merge in early 2024, creating a $20 billion entity with 150,000 members. The fund is to be led by current Mine Super chief ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... inflation and cost of living pressure." The introduction of the additional administration fee follows a similar move by TWUSUPER in July 2022 where an administration fee was introduced to combat cross-subsidisation. As of August 2022, TWUSUPER members ...

Nuveen wins $190m super mandate

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... superannuation funds to invest $190 million across alternative office assets located in the US. Cbus Super, Hostplus, TWUSUPER and another undisclosed super fund have invested in Nuveen's US Cities Workplace Fund, which targets office assets based in ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... December 2021. This followed EISS Super being told by APRA that it must merge, as well as a failed merger attempt with TWUSUPER. Cbus chair Wayne Swan said preparation for the merger was involved, including the need to develop defined benefit products ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... December that year Mine Super introduced a new Balanced option. Mine Super is currently in the process of merging with TWUSUPER, having signed a Heads of Agreement in April to form a $20 billion fund. The merger is expected to be completed in early 2 ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... reached a key milestone, signing a Heads of Agreement to form a combined fund that will manage $20 billion. Mine Super and TWUSUPER have progressed in their merger process, which began in December 2022 with the signing of a non-binding Memorandum of ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... the release of APRA heatmap data, Mine Super signed a preliminary non-binding Memorandum of Understanding (Mou) with TWUSUPER. A merged entity would create a combined fund managing nearly $20 billion for over 150,000 members.