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

Search Results

Showing 911 - 920 of 2369 results for "Merger"

Industry fund appoints union leader

HARRISON WORLEY  |  MONDAY, 6 APR 2020
... Lynch's appointment to Financial Standard. It comes just weeks after the fund pushed back the deadline for its planned merger with MTAA Super. The two funds were originally scheduled to merge on October 1 this year, but have now extended the deadline ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
Speaking to Financial Standard, Hostplus chief executive David Elia has said it's the super funds with higher average account balances that should be worried about the impact of the early release scheme. Hitting back at public commentary suggesting ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... stabilisation in markets and at a time that is more beneficial to members." Last month, Tasplan and MTAA Super, who committed to a merger late last year, moved back the date of the merger from 1 October 2020 to 31 March 2021, citing COVID-19. Another ...

Super fighting a war on three fronts: KPMG

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite. New analysis from KPMG shows superannuation trustees are facing three competing sets of problems as they deal with ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... that amount from their superannuation, they would end up with $40,250 lower end balance of $383,049. COVID-19 to hasten merger talks Rice Warner believes the turmoil experienced across financial services will soon force small players in the super industry ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
Two industry super funds have pushed back the date for their merger due to the COVID-19 global crisis. Tasplan and MTAA Super were initially scheduled to merge on 1 October 2020, but have now extended the timeline to finalise the deal until 31 March ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... data doesn't account for Club Super's members which recently transitioned to Hostplus following the two funds' merger. About 44% of Club's members are millennials. Only 31% of Rest FUM is held by millennials and 25% of Hostplus FUM. Club ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... believes the turmoil experienced across financial services will soon force small players in the super industry to accelerate merger discussions, even though the environment is more difficult to successfully execute a fund marriage than 12 months ago. ...

VicSuper investments chief joins Hostplus

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... at the $25 billion VicSuper, which is currently in the process of merging with First State Super and exploring another merger with WA Super. Howard built VicSuper's investment team and designed and implemented its investment strategy. Prior to this ...