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 UK aims to boost investments via Australia’s super fund sector, unlocking major bilateral business and growth opportunities.
The Future Fund has received government approval to internally manage transactions in Australian infrastructure and property, marking a significant shift in its investment approach after nearly two decades of relying solely on external managers.
The super fund has welcomed Robert Potter and Wayne Davy to its board of directors.
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
