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Showing 81 - 90 of 129 results for "Successor fund transfer"

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... outsourced services causing underperformance. If, two years later, the fund then fails both tests again then a successor fund transfer should be compulsory, Mercer said. Returning to the discussion around stapling, Boyfield said it is likely superannuation ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
... the sub-$6000 accounts to the ATO. "We went through a competitive tender process pre-COVID but the SFT [successor fund transfer] was put on hold last year," Industry Fund Services chief executive Cath Bowtell told Financial Standard. "Hostplus was the ...

Equipsuper in another merger

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
Equipsuper has kicked off another successor fund transfer with an 83-year-old corporate superannuation fund that has more than $680 million of assets. BOC Super will merge into the $16 billion superannuation fund after its trustee determined that the ...

NEOS shakes up leadership team

KARREN VERGARA  |  MONDAY, 1 MAR 2021
... was transferred into OneSuper (formerly Smartsave Member's Choice Superannuation Plan) by way of a successor fund transfer on 1 January 2021. The plan's trustee Tidswell Financial Services wrote to members on 13 November 2020 informing members ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... be other issues for the Parliament to consider," he said. He pointed to MAP and LESF Super's recent successor fund transfer to SmartSave as an example of Diversa ensuring funds have sufficient scale to benefit members. Future Super said it spends ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

UniSuper wins in court judgement on board

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
... Education Superannuation Scheme (TESS) and Superannuation Scheme for Australian Universities (SSAU) via a successor fund transfer that came into effect on 1 October 2000. The constitution of the merged fund provides for a board of eight to eleven peo ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
A $65 billion industry fund is now home to the members of a corporate super plan after a successor fund transfer, which had been delayed, was completed. The IAG & NRMA Superannuation Plan first announced it would merge with Sunsuper in February 2019. ...

Retail super offerings in successor fund transfer

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
The successor fund transfer of another OneVue-administered retail super offering and all its sub-plans is set to commence later this month. Following on from its decision to transfer LESF Super to Smartsave earlier this year, OneVue's Diversa is pushing ...

APRA advises funds to review ownership structures

ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
... restructure of a corporate group; An acquisition of shares in an RSE licensee or its holding company; or A successor fund transfer that results in the issue or transfer of shares to a director, employer organisation or employee organisation. APRA said ...