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Showing 1 - 10 of 128 results for "Successor fund transfer"

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... Russell Investments Master Trust's trustee to move members to the Salaam superannuation division via a successor fund transfer. Equity Trustees confirmed that the transfer of Crescent Wealth's members to Salaam is in their "best financial interests," ...

OneSuper to take on more super products

JAMIE WILLIAMSON  |  MONDAY, 22 APR 2024
... week, Financial Standard reported on Diversa's decision to merge Spaceship Super into OneSuper via a successor fund transfer. The move will add about $773 million to OneSuper's $4.5 billion in funds under management and 21,340 members. Now, the ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... offering. Following a due diligence process, Spaceship's trustee Diversa has chosen to undertake a successor fund transfer that will see Spaceship become a sub-plan of OneSuper. Spaceship and Diversa said the decision has been made because they are ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... looking to amend the transfer balance credit provisions to ensure the credit and debt arising due to a successor fund transfer are equal for members with a capped defined benefit income stream. "This would ensure the amounts cancel each other out and ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm. QMV Legal will fold on April 26, shortly after Novigi acquired the QMV Solutions business on February 1. "Novigi ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Australian Retirement Trust (ART) finalised the successor fund transfer with the Alcoa of Australia Retirement Plan, one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... membership growth - the highest amongst its peers - ending the period with 848,026 members thanks to the successor fund transfer with BT. AustralianSuper saw a net growth rate of 13% to end up with 3.26 million members. Hostplus's membership base grew ...

Novigi completes QMV Solutions deal

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2024
Novigi has formally acquired QMV Solutions, including the latter's Investigate DQ software, for an undisclosed figure. Novigi delivers data and technology services to financial services companies including Mercer, Link and Vanguard Super. It said QMV ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... early next year on their merger progress. In September, the funds cemented their commitment by signing a successor fund transfer deed and appointing Vasyl Nair, the current chief executive of Mine Super, to helm the merged entity. The two funds first ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ...
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