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Showing 21 - 30 of 73 results for "Heads of Agreement"

GARDA Property Group confirms $30.5m loss

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... to Sentinel Property Group will see a $30.5 million loss. The group confirmed it has entered into a binding heads of agreement with Sentinel to sell both properties, valued at $110.5 million in its 30 June 2023 financial report, for a total consideration ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... month. In February, CBA Group Super announced it was exploring a merger with ART, before signing a non-binding heads of agreement on June 27. The final, binding agreement is expected to be reached this month, with CBA Group Super telling members the ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... between AvSuper and Australian Retirement Trust (ART) has advanced to the next stage as they have now entered a Heads of Agreement. The agreement confirms the intention of both parties to proceed with the merger in good faith, AvSuper told members. "It's ...

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... new entity providing back-office services to their financial advice networks. Madison signed a non-binding Heads of Agreement with PDG, an advisory representative board for Godfrey Pembroke advisers. Under the agreement, they will launch a new entity ...

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
A year on from confirming merger discussions, Active Super and Vision Super have signed a Heads of Agreement and selected the chief executive of the combined fund. The two funds first signed a Memorandum of Understanding in June 2022. Today, they confirmed ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... 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 2024.

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
Two industry superannuation funds have 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 ...

Equity Trustees enlists HUB24 for custodial platform admin

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
HUB24 has entered into a Heads of Agreement with Equity Trustees to provide custodial platform administration and technology solutions. The agreement between Equity Trustees and HUB24 covers large transitions totalling around $4 billion funds under ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... confirm merger Earlier in the year, Australian Catholic Superannuation and Retirement Fund and UniSuper signed a Heads of Agreement to formally merge. The two funds announced they were undertaking due diligence on a potential merger the year prior, in ...

Australian Catholic Super, UniSuper sign SFT deed

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... before the end of the year. The two funds have now signed a Successor Fund Transfer deed. This follows the Heads of Agreement they signed in May, formally confirming the merger. The funds said preparation for the transition is already underway, with ...