POWERED BY MOMENTUM MEDIA
IEUA welcomes NGS/ACS merger
The Independent Education Union of Australia (IEAU) NSW/ACT branch has welcomed the announcement that NGS Super and Australian Catholic Super will merge.
NGS Super and former IEAU NSW/ACT secretary, Dick Shearman, said the merger would deliver economies of scale and the ability to improve member services.
The union said it looked forward to continuing the relationship with the fund through sponsorship of union events and hosting superannuation and financial education sessions for members in union venues.
Also commenting, the branch’s secretary, Mark Northam, said: “The union expects meaningful engagement during the merger process so we can ensure our members’ best interests are served”.
Recommended for you
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment