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Showing 61 - 70 of 160 results for "Successor fund transfer"

Australian Ethical flows driven by super

ANDREW MCKEAN  |  MONDAY, 23 JAN 2023
... December 2022; FUM was $6.18 billion the quarter prior. Australian Ethical said FUM was bolstered by the successor fund transfer (SFT) of Christian Super, which added $1.93 billion. As previously reported by Financial Standard, the Australian Ethical ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... on the merger is nearing completion. It said the next step is to seek government approval to pursue a successor fund transfer, a process which will be led by CSC. The government provided approval for the two to explore a merger, but further approval ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... year prior, in May the funds said the process was in the best financial interests for all members for a successor fund transfer to occur, with UniSuper being the successor fund. At the time ACSRF had about $11 billion in funds under management and 85,000 ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... platform Raiz, will become a division of AMG Super on or around December 16 after Diversa determined a successor fund transfer was in the best interests of members. According to Raiz's latest ASX filings, Raiz Invest Super has about $186 million ...

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... and Mercy Super announced that they were well progressed with potential discussions, the two signed a successor fund transfer deed hoping to merge by November 30. At the time, Mercy Super chief executive Wendy Tancred said: "We are delighted to reach ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... Financial Standard, last week, Australian Ethical and Christian Super finalised their merger. After the successor fund transfer was completed on November 25, 28,000 new members were added to Australian Ethical Super. Australian Ethical Super now has ...

Hostplus, Maritime Super make merger official

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
Almost two years since pooling their assets, the two funds have officially signed a successor fund transfer deed. Expected to take place in September 2023, the merger will see Maritime Super members transferred to Hostplus and all Maritime Super assets ...

Australian Ethical, Christian Super merger finalised

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
The successor fund transfer was completed on November 25, adding 28,000 new members to Australian Ethical Super. It comes mere months after the merger was confirmed in July, with Australian Ethical and Christian Super first flagging their discussions ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... $1.96 billion added to Australian Ethical's super FUM and more than 30,000 members join. "Following the successor fund transfer, increased scale will allow Australian Ethical to pass on superannuation fee reductions to all members and improve competitiveness ...