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
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
