Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 97 results for %22Maritime Super%22

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
Appearing before a parliamentary committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson ...

Industry funds flag $77bn merger

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... transfer (SFT) agreement with the $3 billion Intrust Super. In February, it combined its assets with the $6 billion Maritime Super. In late 2019, Club Super folded into Hostplus, growing the latter to $45 billion at the time. In the latest merger, Adelaide-based ...

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
... and purchase of Suncorp's superannuation business. The $61 billion Hostplus has entered a partnership with Maritime Super. Last month, Club Plus signed a memorandum of understanding with AustralianSuper to create a $207 billion fund.

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... memorandum of understanding with AustralianSuper. In a different industry, Hostplus has also entered a partnership with Maritime Super. Super fund merger activity has intensified in Queensland in recent months. The most significant of these is the QSuper ...

Rise of the mega funds continues

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... million. Cbus and Media Super also announced they are working on a merger plan to become a $60 billion fund while Maritime Super and Hostplus announced an asset pooling partnership that will create a $61 billion trust. "The stand-out issue in the industry ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and Hostplus where the former will "effectively become a shell company" overseen by the Hostplus trustee board. "The idea ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... retail funds, four from public sector funds, five from industry funds and two from corporate funds. Since then, Maritime Super and Tasplan has gone back to running their MySuper products as single strategy, with Tasplan citing higher admin cost of lifecycle ...

First Super adds to board

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... Australian paper since 2002 and is currently the on-site secretary of the Maryvale sub-branch of the Construction Forestry Maritime Mining and Energy Union (CFMMEU) Pulp & Paper Workers District. First Super said the pulp and paper industry is a key ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... 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 that will take effect 30 April 2021. Maritime Super's $6 billion ...

Tasplan says goodbye to lifecycle MySuper

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... corporate funds. Tasplan is not the first superannuation fund to reverse from lifecycle to single strategy, with Maritime Super having made a similar move in September 2020.