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

Search Results

Showing 41 - 50 of 100 results for "LGIAsuper"

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... months. The most significant of these is the QSuper and Sunsuper merger which will create a roughly $200 billion fund. LGIAsuper will scale up to a $28 billion fund after impending merger with Energy Super, and purchase of Suncorp's superannuation ...

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
... 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 work within ...

How managers win ESG mandates

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
... funds to drop AMP Capital as manager of their respective ethical options. So far Mercy Super, Legalsuper, ESSSuper and LGIAsuper have all withdrawn allocations to the AMP Capital Ethical Leaders Balanced Fund. A total of 2854 Australian investors and ...

Institutional mandates shrink

KANIKA SOOD  |  FRIDAY, 23 APR 2021
... mandates during the year. Superannuation funds Australian Catholic Super (34, up from 23 in 2019), Aware Super, ESS Super, LGIAsuper and NGS awarded the most mandates in the year. Hostplus awarded the most mandates in 2019 with 35, but in 2020 it only ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
Ahead of its merger with Energy Super, LGIAsuper has made several changes to its insurance offering and announced the closure of its Lifecycle product. Having maintained its level of insurance premiums charged to members since July 2015, LGIA said an ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... ESSSuper axed AMP Capital Ethical Leaders as the sole manager for their ethical/ESG investment options. In January 2021, LGIAsuper did the same. All three funds awarded mandates to Pendal instead.

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
... to see more underperforming funds opt to merge with a stronger partner." Several mergers are currently in the works, LGIAsuper and Energy Super; NGS Super and Australian Catholic Superannuation and Retirement Fund; QSuper and Sunsuper ; and Media Super ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
... extended to all employees. On AMP Capital losing a series of super fund mandates in its Ethical Leaders fund - from QSuper, LGIAsuper, legalsuper and ESSSuper - De Ferrari said this was not a significant contributor to the overall outflows. "On the outflows ...