Corporate Moves
Australian Super Funds Explore Potential Merger
Prime Super and Aware Super, with a combined roster of 1.4 million members, are in the due diligence phase.
Tag: Superannuation Funds
Pensions
Australia’s Legalsuper Appoints HESTA Executive as CEO, Names New CIO
The leaders will join the specialist fund in August and October, respectively.
Asset Allocation
Half of Australia’s Superannuation Plan Assets Invested Offshore for First Time
New research from National Australia Bank found that artificial intelligence and digitization are the leading themes influencing investment decisions.
Newsmakers
Australia’s Aware Super Appoints New CIO
Simon Warner, its current head of portfolio management, to take over on December 1.
Pensions
Liquidity, Operational Shocks Pose Major Issues for Superannuation Funds
The Reserve Bank of Australia’s new Financial Stability Review also emphasized the importance of building resilience to financial and cybersecurity stress.
Asset Allocation
Equity Bull Market Buoys Australian Super Funds’ 2024 Returns
The calendar year saw double-digit returns based on Australian and global stock performance, ASFA reports.
Pensions
Australia’s Pensions Regulator Launches Project on Unlisted Assets
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
With a Recession Enroute, Should Pension Funds Be Worried?
Maybe not, data from WTW and others show. Despite some losses lately, they remain in resilient shape. Here’s how.
Risk
Australia’s HESTA Accused of Greenwashing
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
Newsmakers
Australian Pension Funds Mercy Super and HESTA to Merge
Proposed deal is the latest in an ongoing consolidation within the industry.
Corporate Moves
AustralianSuper CEO Ian Silk to Step Down
Chief Risk Officer Paul Schroder has been tapped as Silk’s successor
Pensions
AustralianSuper, LUCRF Super Plan to Form $173.8 Billion Investor
The merger would consolidate the country’s first and largest superannuation funds.
Corporate Moves
Australia’s Hostplus, Statewide Super to Explore Potential Merger
If approved by trustees, the resulting allocator would manage more than A$77 billion in retirement assets.
Pensions
QSuper, Sunsuper to Form $155 Billion Australian Superannuation Fund
The deal will create one of the most significant mergers of its kind, the plans say.