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Showing 1 - 10 of 63 results for "LGIA"

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
The recent merger activity in the superannuation sector is received positively by members but engagement is still underwhelming, new research shows. The latest Investment Trends Super Member Engagement Report showed nearly a third of members see merging ...

LGIAsuper reveals post-merger executive, board lineup

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
LGIAsuper, which is set to finalise its merger with Energy Super next month, has unveiled its new-look leadership team. In an update on the progression of the merger, after already announcing Kate Farrar as chief executive of the merged fund, LGIAsuper ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
The $61 billion Hostplus will combine with the $2.6 billion Intrust as it pursues its long-standing ambition of acquiring more members in Queensland, Financial Standard understands. The 33-year-old Intrust has about 96,000 members, and 30,000 employers ...

LGIAsuper picks custodian for merged fund

KANIKA SOOD  |  TUESDAY, 4 MAY 2021
LGIAsuper, which is merging with Energy Supe r and recently bought S uncorp's superannuation assets, has appointed a new custodian for the total $28 billion in assets. The merged industry fund will use NAB Asset Servicing as its custodian, siding ...

Suncorp divests super unit to industry fund

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ...

How managers win ESG mandates

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
New research from Investment Trends has revealed how investors choose ESG product providers, and it's bad news for some of the big names in funds management. According to the research, conducted by Investment Trends and Australian Ethical, 87% of ...

Institutional mandates shrink

KANIKA SOOD  |  FRIDAY, 23 APR 2021
Local institutional investors appointed 313 mandates totaling $43 billion in 2020, down from $51 billion the year before, according to Rainmaker's latest Mandate Chaser report. State Street was the biggest winner in institutional mandates in 2020 ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... the closure of its Lifecycle product. Having maintained its level of insurance premiums charged to members since July 2015, LGIA said an increase in claims has forced fees to increase. "Due to recent government changes to insurance in superannuation ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
With LGIAsuper and Energy Super to merge , the funds' boards have agreed on who will be chief executive. LGIAsuper chief executive Kate Farrar will lead the merged funds from 1 July 2021. The merger of LGIAsuper and Energy Super will see the funds ...
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