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Showing 41 - 50 of 101 results for "LGIA"

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
The $61 billion Hostplus will combine with the $2.6 billion Intrust as it pursues its long-standing ambition of acquiring more members in Queensland, Financial Standard understands. The 33-year-old Intrust has about 96,000 members, and 30,000 employers ...

LGIAsuper picks custodian for merged fund

KANIKA SOOD  |  TUESDAY, 4 MAY 2021
LGIAsuper, which is merging with Energy Supe r and recently bought S uncorp's superannuation assets, has appointed a new custodian for the total $28 billion in assets. The merged industry fund will use NAB Asset Servicing as its custodian, siding ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

How managers win ESG mandates

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
New research from Investment Trends has revealed how investors choose ESG product providers, and it's bad news for some of the big names in funds management. According to the research, conducted by Investment Trends and Australian Ethical, 87% of ...

Institutional mandates shrink

KANIKA SOOD  |  FRIDAY, 23 APR 2021
Local institutional investors appointed 313 mandates totaling $43 billion in 2020, down from $51 billion the year before, according to Rainmaker's latest Mandate Chaser report. State Street was the biggest winner in institutional mandates in 2020 ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... the closure of its Lifecycle product. Having maintained its level of insurance premiums charged to members since July 2015, LGIA said an increase in claims has forced fees to increase. "Due to recent government changes to insurance in superannuation ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
With LGIAsuper and Energy Super to merge, the funds' boards have agreed on who will be chief executive. LGIAsuper chief executive Kate Farrar will lead the merged funds from 1 July 2021. The merger of LGIAsuper and Energy Super will see the funds ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Members of merged superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ...