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Showing 1 - 10 of 69 results for %22TWUSUPER%22

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... 7.2% over one and three years, respectively. Following its merger with Mine Super, expected to complete by mid-2024, TWUSUPER will rebrand as Team Super. Brighter Super also stood out, securing second and third places with returns of 9% and 7% over the ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... nominal net member growth were AMP, Insignia Financial, Colonial First State (CFS), Commonwealth Bank Officers Super, and TWUSUPER. CFS lost 29,426 members and saw total membership dip 3.5% year on year; it finished up with a total of 821,086 members. ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Lockheed and as little as $60,000 in Elbit. Australian Retirement Trust, Equip Super and Catholic Super, Mine Super and TWUSUPER all had holdings in three or more of the five companies. Out of the sample, the $100 billion Hostplus is the only fund that ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER, and First Super have each contributed more than $1 million to unions, covering expenses ranging from directors' fees ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... accounts and $9 billion funds 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 ...

Mine Super, TWUSUPER commit to merger

JAMIE WILLIAMSON  |  FRIDAY, 29 SEP 2023
... ahead, with the chief executive selected. A successor fund transfer deed has been signed that will see Mine Super and TWUSUPER merge in early 2024, creating a $20 billion entity with 150,000 members. The fund is to be led by current Mine Super chief ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... inflation and cost of living pressure." The introduction of the additional administration fee follows a similar move by TWUSUPER in July 2022 where an administration fee was introduced to combat cross-subsidisation. As of August 2022, TWUSUPER members ...

Nuveen wins $190m super mandate

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... superannuation funds to invest $190 million across alternative office assets located in the US. Cbus Super, Hostplus, TWUSUPER and another undisclosed super fund have invested in Nuveen's US Cities Workplace Fund, which targets office assets based in ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... December 2021. This followed EISS Super being told by APRA that it must merge, as well as a failed merger attempt with TWUSUPER. Cbus chair Wayne Swan said preparation for the merger was involved, including the need to develop defined benefit products ...
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