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Showing 1 - 10 of 58 results for "Heads of Agreement"

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... protecting the retirement interests of members in the mining and transport sectors. This followed the signing of a heads of agreement in April 2023 and an initial non-binding Memorandum of Understanding in December 2022. Mine Super, which has been operating ...

Active Super, Vision Super finally sign transfer deed

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
... the time, their combined assets were pegged at $26 billion with member accounts of 169,000. In June 2023, a Heads of Agreement was signed, and, at that time, the funds said they had 170,000 member accounts and $27 billion. It was also confirmed at that ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... Alcoa Super had about 5100 members. ART is still working through the transfer of AvSuper, having entered a Heads of Agreement in August 2023. According to an update from AvSuper, the merger is slated to take place on May 1. ART will begin running introductory ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming discussions were underway. The funds are now working on strategic planning ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... completed the successor fund transfer, initially agreed to in February this year. They signed a non-binding heads of agreement on June 27, before finally agreeing in full in with the signing of a successor fund transfer deed on October 20. In total ...

GARDA Property Group confirms $30.5m loss

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... to Sentinel Property Group will see a $30.5 million loss. The group confirmed it has entered into a binding heads of agreement with Sentinel to sell both properties, valued at $110.5 million in its 30 June 2023 financial report, for a total consideration ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... month. In February, CBA Group Super announced it was exploring a merger with ART, before signing a non-binding heads of agreement on June 27. The final, binding agreement is expected to be reached this month, with CBA Group Super telling members the ...

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... between AvSuper and Australian Retirement Trust (ART) has advanced to the next stage as they have now entered a Heads of Agreement. The agreement confirms the intention of both parties to proceed with the merger in good faith, AvSuper told members. "It's ...

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... new entity providing back-office services to their financial advice networks. Madison signed a non-binding Heads of Agreement with PDG, an advisory representative board for Godfrey Pembroke advisers. Under the agreement, they will launch a new entity ...

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
A year on from confirming merger discussions, Active Super and Vision Super have signed a Heads of Agreement and selected the chief executive of the combined fund. The two funds first signed a Memorandum of Understanding in June 2022. Today, they confirmed ...
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