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Showing 81 - 90 of 160 results for "Successor fund transfer"

ACSRF, UniSuper confirm merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
... the funds have said that process determined it was in the best financial interests for all members for a successor fund transfer to occur, with UniSuper being the successor fund. ACSRF has about $11 billion in funds under management and 85,000 members ...

Cbus, Media Super merger complete

ELIZABETH MCARTHUR  |  MONDAY, 11 APR 2022
Cbus Super and Media Super have merged, following a Successor Fund Transfer on April 9. The merger brings Cbus funds under management to $75 billion, managed on behalf of nearly 850,000 members. Cbus chief executive Justin Arter welcomed new Media Super ...

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
The two industry superannuation funds will merge in June, having signed a successor fund transfer deed. AustralianSuper and LUCRF Super have been in talks to merge since mid-2021, at the time allocating a 12-month window in which to complete due diligence ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
... parties are undertaking due diligence to explore possible synergies created by a merger. If successful, the successor fund transfer would take place later this year or early next. Due diligence is expected to be completed next month. If it goes ahead ...

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
... interests of our members and we are delighted that this competitive process sees us choosing to make a successor fund transfer into Australian Retirement Trust." APSS is a defined benefit plan with approximately $8 billion in assets and 28,000 members. ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... Media Super, which first announced they were exploring a merger in June 2020. More than a year later a successor fund transfer deed was signed. Once merged, Cbus will be home to about 847,000 members and $72 billion in assets.

Hostplus and Maritime Super explore merger

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
... funds it could merge with. If due diligence is successfully completed the funds' trustees will sign a successor fund transfer deed and prepare a transition plan which would target Hostplus' and Maritime Super's merger in early 2023. The successor ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance. Released yesterday, APRA said it will continue ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... 2015 annual report shows a return of 9.15%. Media Super is in the process of merging with Cbus, with the successor fund transfer expected to complete in the coming months. Cbus is also expected to merge with EISS Super by July this year.

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... provide to members. The two ultimately determined the merger was in members' best interests and the successor fund transfer was finalised on December 1. 10) IOOF to adopt new name, brand Following the integration of MLC Wealth, the 175-year-old wealth ...