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Showing 1 - 10 of 12 results for "Queensland funds"

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
... will now be on Mercy Super which had $1.45 billion in total assets at June 2020 and just over 13,000 members. Queensland funds have seen heightened merger activity in recent months, including the $200 billion plus merger between QSuper and Sunsuper ...

GROW wins new super fund client

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
... eventually pled guilty and was sentenced to an 18-month good behaviour bond. Mercy Super is much smaller than other Queensland funds including QSuper and Sunsuper which are merging to create a $200 billion fund, LGIAsuper which is merging with Suncorp ...

Three in a row for NSW? MySuper says so

JAMIE WILLIAMSON  |  WEDNESDAY, 4 NOV 2020
... cheer for in tonight's State of Origin opener, a quick look at the MySuper performance of New South Wales and Queensland funds might be of some assistance. Hours out from kick-off at Adelaide Oval, Rainmaker analysis of both NSW-based and Queensland-based ...

Queensland funds explore merger

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
Two Queensland industry funds have signed a 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 ...

Queensland funds delay merger

HARRISON WORLEY  |  WEDNESDAY, 29 APR 2020
The impending merger of major Queensland superannuation funds QSuper and Sunsuper has been delayed. QSuper has confirmed its planned merger with Sunsuper has been delayed, owing to difficulties in conducting due diligence while staff are working remotely ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
Major Queensland superannuation funds QSuper and Sunsuper are a step closer to a merger, signing a Memorandum of Understanding to undertake exclusive due diligence to explore a merger. The agreement comes around four months after the two super funds ...

QSuper, Sunsuper not committed to merger

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... fielded questions from Committee chair and Liberal MP Tim Wilson over the potential arrangement between the two Queensland funds. Asked if QSuper was strictly seeking a merger with its Queensland counterpart, Pennisi was non-committal, and said the term ...

Workers want extra super contributions: Research

HARRISON WORLEY  |  WEDNESDAY, 29 AUG 2018
... Recently the fund announced plans to merge with $2.9 billion industry fund AustSafe, with the merger between the Queensland funds set to complete in early 2019. The merger will create one of the largest superannuation funds in Australia, with $60 billion ...

Super State of Origin: Who wins?

DARREN SNYDER  |  WEDNESDAY, 6 JUN 2018
... Lastly, NSW has more funds (84 versus 16) and more members (9.8 million versus 2.2 million). However, on average Queensland funds have larger memberships. One of the industry success stories of this year's State of Origin series is Intrust Super ...

Niche super funds cooperate to avoid merging

JAMES FERNYHOUGH  |  FRIDAY, 8 NOV 2013
... costs as a result of the Stronger Super reforms. Last month the $370 million fund teamed up with two other small Queensland funds, QIEC Super and Mercy Super, to get a better custody deal. But Corcoran said Club Super is looking at additional ways of ...
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