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Showing 11 - 20 of 26 results for "super fund merger"

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
Two industry super funds have pushed back the date for their merger due to the COVID-19 global crisis. Tasplan and MTAA Super were initially scheduled to merge on 1 October 2020, but have now extended the timeline to finalise the deal until 31 March ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
Mega-funds are on the rise and as further super fund mergers are expected to continue into 2020, the question of capacity needs to be addressed, according to SG Hiscock managing director Stephen Hiscock. "In terms of the mega-funds, we have seen a lot ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... bigger one with more assets and members. The Royal Commission's public hearings examined two case studies about super fund merger proposals. In both cases, the merger discussions were derailed by who would get a seat on the table at the new merged fund's ...

Queensland industry funds merge

HARRISON WORLEY AND JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
Sunsuper is set to merge with a $2.5 billion industry fund in early 2019. In a joint statement, Sunsuper and AustSafe Super have signed a Successor Fund Transfer Deed. Both established 30 years ago, AustSafe is the super fund for rural and regional ...

Equity Trustees enters $5.2bn super fund merger

ALEX BURKE  |  TUESDAY, 24 OCT 2017
Equity Trustees is entering a partnership to facilitate a $5.2 billion superannuation fund merger. Under the terms of the partnership, and subject to approval from the two funds' respective trustee boards, EQT's The Executive Superannuation Fund and ...

Insurers grow market share at cost of profits

ALEX BURKE  |  FRIDAY, 20 FEB 2015
The market share consolidation of Australia's four biggest wholesale insurers (TAL, AIA Australia, CommInsure and Metlife) is offset by declining profits in the long-term, according to Rice Warner's Wholesale Risk Insurance Report. The "big four" group ...

Super fund mergers could risk member attrition

LAURA MILLAN  |  FRIDAY, 16 JAN 2015
Most super fund members would not like their fund to go through any merger activity, according to the CoreData 2014 Member Growth Report. The report asked the question to 858 super fund members and 65.6% said they would not like their fund to merge ...

HIP Super CEO resigns

LAURA MILLAN  |  TUESDAY, 4 MAR 2014
... Plan (HIP) Super chief executive Ross Bernays has resigned from his role effective immediately and ahead of the super fund merger with Prime Super. HIP Super confirmed Bernays' resignation and a spokesperson of the fund told Financial Standard that a ...

Super fund mergers pose capacity problem

MARK SMITH  |  MONDAY, 15 JUL 2013
Consolidation within the superannuation industry and the subsequent creation of mega funds is forcing chief investment officers to rethink their strategies, threatening to kill off institutional access to nimble boutique managers. Smaller funds are ...