AustralianSuper, AGEST Super to merge - Investment Magazine
Dec 14, 2011 · AustralianSuper, the country’s largest industry superannuation fund with $42 billion under management, will get even bigger. The Melbourne-based fund will merge with AGEST Super, a $4.3 billion fund that manages money for current and former Commonwealth and Territory public sector employees. Many of AGEST’s 130,000 members are retiring or ...
‘An implausible planning scenario’: Inside the UniSuper outage
Jun 27, 2024 · In May this year, UniSuper’s member services system was taken down by the failure of a key service provider. For a week, more than 647,000 members with more than $135 billion invested in the fund could not access their accounts. Investment Magazine goes behind the scenes of this unprecedented crisis with UniSuper CEO Peter Chun to examine the causes, the remedies and the lessons learned.
Brighter Super & SPSL to complete $29b merger
Apr 18, 2023 · Brighter Super will merge with SPSL Master Trust (SPSL) on 31 May 2023 to create a $29 billion super fund with over a quarter of a million members, the first between a not-for-profit and retail super fund. Initially scheduled to complete in December 2025, the merger was brought forward to give SPSL and Brighter Super members earlier access to ...
Hostplus tops SuperRatings balanced option index
Jul 18, 2022 · Falls in domestic and international share markets have hit the balances of MySuper funds with around 95 per cent ending the financial year in the red. Hostplus – Balanced achieved a 1.6 per cent return over 12 months while QANTAS Super’s balanced option came in second with a return of 0.6 per cent, followed closely by Christian Super ...
UniSuper and Australian Catholic Super complete merger
UniSuper and Australian Catholic Superannuation (ACS) have completed a merger to form a $115 billion super fund which came about after ACS failed APRA’s performance test last year. The ACS investment team led by Michael Block will not be joining UniSuper a spokesperson for the fund confirmed. With a member base of 620,000 members, the ...
‘Higher the fee, lower the return’ narrative hurting members
May 24, 2024 · It’s time for the super sector to bust the myth that higher investment fees necessarily mean lower returns for members, the Fiduciary Investors Symposium has heard. With RG97 and the Your Future Your Super performance test pushing a strong narrative of bringing down fees at all costs, members may actually be missing out on attractive net ...
Mega-dozen shows merging means diverging as super funds …
Jun 16, 2021 · It’s the middle ground of funds with between around $25 billion and $50 billion of assets under management which are disappearing. Further mergers are unlikely to create any more $50 billion-plus funds in the near term. The most obvious path to create an additional $50 billion-plus fund is for two $20 billion-plus funds to merge together.
Hostplus still leads 10-year returns despite muted FY result
Jul 18, 2024 · Hostplus still leads 10-year returns despite muted FY result. Despite a relatively subdued return this year, the Hostplus Balanced investment option still leads the pack when it comes to 10-year returns among growth-tilted funds, according to analysis by research houses SuperRatings and Chant West. While the flurry of financial-year performance ...
Cbus Super and EISS Super complete merger - Investment Magazine
May 16, 2023 · Cbus Super has merged with EISS Super on Monday, following extensive due diligence and planning, welcoming 17,000 new members. It is the second merger Cbus has completed in the past 13 months, following a merger with Media Super in April 2022. The combined fund now manages over $80 billion in assets for …
Real Estate Forum 2024 - Investment Magazine
Mar 4, 2024 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance. We acknowledge the Traditional Custodians of this land ...