The merger is driven by both funds’ shared values and their solid commitment to members, and provides an opportunity to expand the delivery of services and products to members in rural and regional areas through greater economies of scale. A verification email is on its way to you. “This is a particularly well-suited match and good cultural fit for both organisations. Click here to register, Not for publication, email or dissemination, Houston Firefighters’ approves $25m commitment, Park Square to split investor relations capabilities, Investors pull back amid widening spreads, CalSTRS commits $1bn to Owl Rock partnership, Pantheon raises $800m for global private credit fund, Covenant breaches set alarm bells ringing, PDI Awards 2020: Time to send us your highlights. Online and PDF access of your article will be available 30 days from purchase. We support local causes that help improve the lives of many Australians and our communities. The $54 billion Hostplus and Club Super have finalised their merger plans and Tasplan is completing a combination with MTAA Super to create a $22 billion fund. "This merger further consolidates our position as the industry super fund for rural and regional Australia," AustSafe Super CEO, Craig Stevens said. Click here to register, Not for publication, email or dissemination, Asia and tech exposure boost KKR’s private equity portfolio, Gray: Blackstone ready for ‘blue wave’ in next week’s US election, How private equity fell in love with live sports, Vista and its founder face an uncertain future, Global placement agents should take note of the shake-up in Asia. Only logged in subscribers of this site will be able to access the shared article. Protecting Your Super Package legislation, Lifecycle Investment Strategy (default option), Automatic Death and Total & Permanent Disability Assist cover, Insurance in Superannuation Voluntary Code of Practice, Putting Members Interests First (PMIF) legislation. The boards of Sunsuper and AustSafe Super have signed a successor fund transfer deed authorising the merger of the two funds, set to complete in early 2019. "Additionally, with Sunsuper’s recent successful merger with Melbourne-based Kinetic Super, this partnership represents a further opportunity to set the gold standard for the industry in terms of best practice for super fund mergers." QSuper and Sunsuper are inching closer to a merger to create Australia's largest superannuation fund overseeing more than $195 billion in assets. The combined fund would make it one of Australia’s biggest superannuation funds, with more than A$58 billion ($43.3 billion, €36.9 billion) in funds under management and 1.4 million members. Commenting on the merger, Sunsuper chairman Andrew Fraser said the successful merger with AustSafe Super would drive greater efficiencies for both funds. AustSafe Super’s Chair, Henry Smerdon AM, said the success of the merger reinforced the Board’s decision to partner with Sunsuper. All Rights Reserved. Sunsuper has completed its merger with rural fund AustSafe Super, creating Queensland’s second-largest non-profit fund with 1.4 million members … Get access to {{ message }} News Article. When you purchase this article, you will be provided a unique link to view the full article and see your payment receipt. It will help to deliver both the best possible member experience and provide financial security in their retirement.". AustSafe Super and Sunsuper will be merging by early 2019. AustSafe Super and Sunsuper, two Brisbane-based superannuation funds in Australia, inked a deal to merge. Success stories There are no refunds for purchasing SWFI news articles. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Is it time to take charge? Elizabeth Fry March 4, 2020. Provide details below to personalise your experience. Get limited access to our industry news, analysis and data, plus regular email updates. It was the winner of the Best Growth Super Fund in Money magazine’s Best of the Best Awards for 2018 and was ranked as one of the top performing superannuation funds for the 12 months to March 2018 by financial services researcher Rainmaker SelectingSuper. It has 100,000 members and $2.5 billion in funds under management. AustSafe merger with Sunsuper Employer Information Do any of your employees nominate AustSafe as their super fund? Take the hassle out of paying multiple super funds for different employees with the Sunsuper clearing house. Both funds started in Queensland within a year of each other, are based on a profit-for-member model, provide industry-leading services and have a passion for rural and regional Australia. Sunsuper and AustSafe Super Agree to Merge. ... Investment manager 360 Capital Group has moved to acquire Evans Dixon, proposing an off-market takeover. The combined superannuation fund will have more than A$58bn in funds under management. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 10-11 November The combined superannuation fund will have more than A$58bn in funds under management. All material subject to strictly enforced copyright laws. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Superannuation. PODCAST: Where are hurdle rates trending? A link has been emailed to you - check your inbox. Contact Us SEARCH Join. A link has been emailed to you - check your inbox. ... AustSafe Super’s Chair, Henry Smerdon AM, said the success of the merger reinforced the Virtual - Available Anywhere, Get limited access to our industry news, analysis and data, plus regular email updates. We support local causes that help improve the lives of many Australians and our communities. austsafe super. The boards of the two funds, both based in Brisbane, Australia, expect the merger … It will help to deliver both the best possible member experience and provide financial security in their retirement,” he said. Please check your spam or junk folder just in case. AustSafe Super and Sunsuper, two Brisbane-based superannuation funds in Australia, inked a deal to merge. You should only be asked to sign in once. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. AustSafe Super and Sunsuper announce their merger plans on 5 July 2019. AustSafe Super and Sunsuper have today announced that their respective boards have signed a Successor Fund Transfer Deed, which authorises a merger of the two funds with a target date of early 2019. Don't have an account? The merger of Sunsuper and AustSafe Super will grant AustSafe members an immediate reduction in fees, while Sunsuper members will also benefit from the additional scale. Sunsuper’s award-winning Retirement income account could be much smarter than withdrawing all your money at once when you stop working. The combined fund would make it one of Australia’s biggest superannuation funds, with more than A$58 billion ($43.3 billion, €36.9 billion) in funds under management and 1.4 million members. All sales are final. Don't have an account? The combined fund, which will take effect 1 March 2013 subject to the completion of due diligence by both parties, will retain the AustSafe Super name, investment options and insurance. AustSafe Super’s independent chair, Mr Henry Smerdon AM, said the merger was testament to both funds’ drive for better member outcomes. Don't have an account? Now in its 30th year of operation, AustSafe Super is the industry super fund for rural and regional Australia and looks after more than 100,000 members with $2.5 billion in funds under management. Securely send information and documents to our journalists. Information and inspiration to help you plan your future, manage your super and enjoy your retirement. Sunsuper was the first super fund to ever win Money magazine’s Best Super Fund Manager 2018, and Conexus Financial, Chant West, Super Review and SuperRatings' Super Fund of the Year awards in a single year.

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