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Showing 31 - 40 of 101 results for "LGIA"

Mergers don't always lead to scale benefits: Barry

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
There is a misunderstanding that superannuation fund mergers will automatically lead to scale benefits for members, according to Spirit Super's chief investment officer. Speaking at the Australian Institute of Superannuation Trustees (AIST) ASI ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
Super Consumers Australia has slammed super funds' member outcomes assessments (MOAs), finding several funds claiming to be acting in members' best interests even when fees are high and performance is lacklustre. Super Consumers Australia looked ...

Alternatives, equities dominate mandates

KANIKA SOOD  |  WEDNESDAY, 14 JUL 2021
Not-for-profit superannuation funds appointed 377 mandates in the 12 months ending March, with alternatives and Australian equities winning the lion's share. By number, alternatives mandates were the popular (46% of 377), followed by equities (29%) ...

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 ...

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21. Hostplus and Intrust Super are targeting a completion of the merger by November 26. It is understood that ...

Another departure at AMP Capital

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
AMP Capital's head of sector multi-manager will leave in July, after nearly 25 years with the company. Lydia Serafim is leaving to take an external opportunity, a spokesperson for the company confirmed. "Lydia made a strong contribution to AMP Capital ...

GROW wins new super fund client

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
A Queensland superannuation fund has picked GROW Inc to replace Mercer as its administrator. The $1.4 billion Mercy Super will soon swap to GROW, after using Mercer for seven years. The transition was initially slated for a June 1 start but was delayed. ...

LGIAsuper to rebrand

ELIZABETH MCARTHUR  |  TUESDAY, 22 JUN 2021
... for Suncorp Portfolio Services (yet to be announced) whose role will be to integrate the Suncorp operations into the merged LGIA fund. "We have been working very closely with the wealth leadership team to ensure we have appropriate representation from ...

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
The recent merger activity in the superannuation sector is received positively by members but engagement is still underwhelming, new research shows. The latest Investment Trends Super Member Engagement Report showed nearly a third of members see merging ...

LGIAsuper reveals post-merger executive, board lineup

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
LGIAsuper, which is set to finalise its merger with Energy Super next month, has unveiled its new-look leadership team. In an update on the progression of the merger, after already announcing Kate Farrar as chief executive of the merged fund, LGIAsuper ...