Tag: Superannuation Fund
Proposed deal is the latest in an ongoing consolidation within the industry.
The merger would consolidate the country’s first and largest superannuation funds.
If approved by trustees, the resulting allocator would manage more than A$77 billion in retirement assets.
The deal will create one of the most significant mergers of its kind, the plans say.
The fund also said it will reduce emissions from its listed equities by at least 30% in under three years.
HESTA also pledges to reduce portfolio’s carbon emissions by one-third within 10 years.
Merger talks began in July, continuing industry consolidation trend among giant pensions Down Under.
New deputy CIO at the Australian superannuation fund has been its head of public markets.