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Showing 1 - 10 of 27 results for "Club Super"

Industry funds flag $77bn merger

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... the $3 billion Intrust Super. In February, it combined its assets with the $6 billion Maritime Super. In late 2019, Club Super folded into Hostplus, growing the latter to $45 billion at the time. In the latest merger, Adelaide-based Statewide Super will ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... and Victoria respectively. The documents also identified three funds Hostplus saw as its key competitors: Club Plus, Club Super and Intrust. The plan said Hostplus hoped to "destabilise" or merge with the three. Since then, Hostplus has swallowed up ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... the past. In 2011, it considered a merger with TWU Super, but fell through. Hostplus finalised its latest merger with Club Super in 2019. "We are a mature fund having been around for 53 years," Robertson said. "To be able to leverage the liquidity of ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... MySuper offerings have ceased since the first heatmap in December, according to the report. These include the transfer of Club Super accounts to Hostplus and several AMP products.

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members. With close to or more than half of their members sitting in the millennial age range, the likes ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... closed. 9. Hostplus enters merger talks In the middle of the year Hostplus announced it was considering a merger with Club Super which officially went ahead last month. Commonalities of heritage were a key driver behind the decision, according to Hostplus ...

Hostplus, Club Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
Hostplus and Club Super have officially merged as of today. The merger, which was announced in July, sees Hostplus add $600 million to its $45 billion funds under management and a further 22,000 members. Club Super accounts will be transferred to Hostplus ...

Industry funds confirm merger

HARRISON WORLEY  |  MONDAY, 23 SEP 2019
... superannuation funds worth more than $45 billion combined have confirmed they will merge later this year. Hostplus and Club Super are set to merge in just over a month, after the two industry super funds signed a Successor Fund Transfer Deed (SFT), marking ...

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... $43 billion Hostplus is probing the possibility of a merger with another industry fund. Hostplus and the $566 million Club Super have entered into a Memorandum of Understanding to formally pursue discussions and undertake a comprehensive due diligence ...

Superannuation funds ramp up co-investment opportunities

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... said. Preqin didn't disclose how many took part in the research, but said it canvassed the likes of CARE Super, Club Super, CFS Investments and Intrust Super. The report also found superannuation funds comprise 40% of institutional investors in Australia. ...
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