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Search ResultsShowing 1 - 10 of 49 results for "LGIAsuper"
QLD super funds advance merger
KARREN VERGARA  |  TUESDAY, 22 DEC 2020
LGIAsuper and Energy Super will proceed with a merger that is set to finalise as early as 1 July 2021. The board of the two Queensland-based superannuation funds have signed a binding heads of agreement following a two-and-a-half month due diligence ...
Industry fund slashes admin fees
KARREN VERGARA  |  MONDAY, 16 NOV 2020
A $13 billion superannuation fund has slashed its administration fees by a third. LGIAsuper members will pay less administration fees - from $1.50 per week or $78 per year to $1 a week or $52 per year starting this month. LGIAsuper chief executive Kate ...
LGIAsuper alters asset allocations
KARREN VERGARA  |  TUESDAY, 10 NOV 2020
... which included reducing exposure to property and global shares and introducing a new asset class. As of November 1, LGIAsuper reduced its exposure to property, traditional bonds and international shares, and increased allocations to infrastructure, cash ...
Queensland funds explore merger
KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... memorandum of understanding to explore a merger which could create a $20 billion superannuation fund. Energy Super and LGIAsuper will commence due diligence on an exclusive basis, to vet if a merger will be in the best interest of both funds' members. ...
Industry fund adds to board
KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
A $12 billion Queensland industry fund has appointed a new director to its board, as an employee director leaves. LGIAsuper is adding Greg Hallam, who was the chief executive of the Local Government Association of Queensland for 26 years. His directorship ...
Global infrastructure proves profitable: LGIAsuper
ELIZA BAVIN  |  MONDAY, 13 JUL 2020
LGIAsuper has recorded a 14.67% return from its ISQ Infrastructure fund in its latest quarterly figures. The fund is operated by global infrastructure interment manager I Squared Capital (ISQ) and LGIAsuper has invested around $368 million. The relationship ...
REIT revises up portfolio value
KANIKA SOOD  |  MONDAY, 6 JUL 2020
... superannuation funds, the property options ended FY20 mostly flat but unit pricing has ticked up since earlier in the year. LGIASuper, which applied its downward valuation to its property option on April 21 sending the daily earning rate to -4.17, ended ...
Super CIOs defend illiquid assets
ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
At a virtual round table hosted by QIC the chief investment officers of AustralianSuper, LGIAsuper and more defended allocations to illiquid assets. Following weeks of scrutiny over potential liquidity issues facing super funds, the chief investments ...
LGIAsuper revises down unlisted assets
KANIKA SOOD  |  FRIDAY, 24 APR 2020
... the value of its property and infrastructure in response to COVID-19, joining AustralianSuper, UniSuper and Hostplus. LGIAsuper reduced the valuation of its property portfolio by 5% and infrastructure portfolio by 3%. The changes translate to a -1% reduction ...
Superannuation fund cuts pay in C-suite
KANIKA SOOD  |  TUESDAY, 14 APR 2020
... fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' and directors' annual leave entitlements. The changes will be reviewed ...
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