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Showing 41 - 50 of 92 results for "LGIAsuper"

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 ...

Super fund ousts ethical manager

JAMIE WILLIAMSON  |  FRIDAY, 22 JAN 2021
... Ethical Leaders Balanced Fund, however, due to concerns with investment performance and reports about culture at AMP, LGIAsuper has transferred the investment from AMP Capital into Pendal Group's Sustainable Balanced Fund," LGIAsuper said. According ...

QLD super funds advance merger

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
LGIAsuper and Energy Super will proceed with a merger that is set to finalise as early as 1 July 2021. The board of the two Queensland-based superannuation funds have signed a binding heads of agreement following a two-and-a-half month due diligence ...

Industry fund slashes admin fees

KARREN VERGARA  |  MONDAY, 16 NOV 2020
A $13 billion superannuation fund has slashed its administration fees by a third. LGIAsuper members will pay less administration fees - from $1.50 per week or $78 per year to $1 a week or $52 per year starting this month. LGIAsuper chief executive Kate ...

LGIAsuper alters asset allocations

KARREN VERGARA  |  TUESDAY, 10 NOV 2020
... which included reducing exposure to property and global shares and introducing a new asset class. As of November 1, LGIAsuper reduced its exposure to property, traditional bonds and international shares, and increased allocations to infrastructure, cash ...

Queensland funds explore merger

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... memorandum of understanding to explore a merger which could create a $20 billion superannuation fund. Energy Super and LGIAsuper will commence due diligence on an exclusive basis, to vet if a merger will be in the best interest of both funds' members. ...

Industry fund adds to board

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
A $12 billion Queensland industry fund has appointed a new director to its board, as an employee director leaves. LGIAsuper is adding Greg Hallam, who was the chief executive of the Local Government Association of Queensland for 26 years. His directorship ...

Global infrastructure proves profitable: LGIAsuper

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
LGIAsuper has recorded a 14.67% return from its ISQ Infrastructure fund in its latest quarterly figures. The fund is operated by global infrastructure interment manager I Squared Capital (ISQ) and LGIAsuper has invested around $368 million. The relationship ...

REIT revises up portfolio value

KANIKA SOOD  |  MONDAY, 6 JUL 2020
... superannuation funds, the property options ended FY20 mostly flat but unit pricing has ticked up since earlier in the year. LGIASuper, which applied its downward valuation to its property option on April 21 sending the daily earning rate to -4.17, ended ...