POWERED BY MOMENTUM MEDIA
Hostplus and Club Super complete merger
Industry superannuation funds Hostplus and Club Super have officially completed their merger, after previously entering merger talks in July.
The merger would combine Hostplus’ 1.2 million members and $45 billion funds under management (FUM) with Club Super’s 22,000 members and $600 million FUM.
Club Super members would have their accounts transferred by 14 November and then be able to switch into any of Hostplus’ investment options.
David Elia, Hostplus chief executive, said the merged fund would offer the merged membership a continuation of it’s ‘all profits to members’ strategy.
“Hostplus and Club Super have the same DNA, the same collective heritage, dedicated to serving members from the tourism, hospitality, sporting and recreation sectors,” Elia said.
“Our pledge is that the newly merged fund will continue to deliver high-quality products and services to members and their families, with superior investment performance and retirement outcomes for all.
“In undertaking a merger, Hostplus and Club Super recognise that both organisations have a strong alignment and shared values.”
Recommended for you
Australia’s superannuation system is exerting increasing influence over capital markets, with industry feedback to ASIC underscoring its role in reshaping investment flows, governance expectations, and market dynamics.
Australians are some of the most hopeful when it comes to retirement preparedness, with super funds’ handling of retirement savings helping play a part.
The market may be too complacent about the risks of more tariffs, UniSuper’s head of fixed interest warned this week, pointing to Donald Trump’s recent steel-related announcement and a seeming breakdown in negotiations with China.
ART has paid just under $20,000 to comply with an infringement notice issued by ASIC over allegedly misleading performance data published on its website.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
91.29 3 y p.a(%)
2
L1 Capital International
69.55 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
35.77 3 y p.a(%)
5
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
