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Showing 331 - 340 of 2026 results for "Industry Super"

Industry fund CIO resigns

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The investments chief of a not-for-profit fund will leave after five years in the post. LUCRF Super chief investment officer Leigh Gavin will stay until Easter with the fund, sister publication Industry Moves first confirmed. Gavin joined LUCRF in May ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...

Super fund buys stake in retirement village

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
A $135 billion industry superannuation fund is to acquire a stake in Lendlease's retirement villages business. Aware Super will gain a 25% stake in Retirement Living, which comprises 75 retirement villages that are home to more than 16,000 residents ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
Industry Super Australia says recent comments by Liberal MP Tim Wilson that "big super" is locking young Aussies out of the housing market are "scary". Wilson said the fact that first home buyers are unable to access their retirement savings to go towards ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
The $13 billion industry super fund MTAA Super, which is due to merge with Tasplan and become Spirit Super on 1 April 2021, has flagged that insurance premiums will be increasing for members. MTAA said that the insurance costs for many members will ...

Cbus hires new group executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 FEB 2021
The $60 billion industry super fund for the construction and building sector has expanded its leadership team with a new hire. Kristin Miller has been appointed as group executive, people and culture. "We are very pleased to welcome Kristin Miller to ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... "This is my greatest frustration," she said. For someone like Hume, who has worked in financial institutions and industry super funds, covering policy, investment side, distribution, she would have hoped that her experience would help "make this really ...

Industry fund chief executive to depart

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
The chief executive of a $90 billion industry superannuation fund will be stepping down after eight years in the role. UniSuper chief executive Kevin O'Sullivan will depart the fund later this year. "Kevin has led UniSuper with distinction over the ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Industry Super Australia (ISA) said ditching the 12% superannuation guarantee could add over $33 billion to Age Pension spending. ISA said modelling from Rice Warner suggested the Age Pension would have to make up for the superannuation guarantee not ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership ...