Lots of super merger buzz in 1H23
With mergers and consolidation activity at a record high for Australia’s superannuation industry, Super Review rounds up the merger talk so far in the first half of 2023.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Playfair AM: The new kid on the super block
Recognising YFYS legislation as a “game changer” for the $3.5 trillion super industry, Playfair Asset Management brings a new advisory and investment management model to the market to meet its unique demands.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
New director at Mercer Super board
Mercer Australia has announced the appointment of three new non-executive directors to its fiduciary boa
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
HESTA taps Grow Inc for admin service
After almost a decade with Link Group, HESTA will partner with Grow Inc for its outsourced administration services, expected to be completed towards the end of 2024.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Unlisted assets hold promise for super funds
While Australia’s largest superannuation funds have turned their sights to offshore investments, their interest in private assets, particularly infrastructure, continues to rise, according to JP Morgan.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
AIA finalises sale of super and investments business
First announced in February 2022, the sale of AIA Australia’s superannuation and investments business to Resolution Life has now been finalised.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
AMP completes SuperConcepts sale
AMP has completed its sale of SuperConcepts to private equity firm Pemba Capital Partners.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Super changes kick in for FY2023–24
As the new financial year kicks off, multiple changes to superannuation funds will take effect this month including an increase in the Super Guarantee and transfer balance cap.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
RIAA CEO steps down after a decade
Responsible Investment Association of Australasia chief executive, Simon O’Connor, is to step down from the organisation after more than a decade.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
ASIC review finds poor trustee practices on duplicate member accounts
The corporate regulator has pulled up super trustees on their efforts to consolidate duplicate member accounts after a review found poor practices in both industry and retail funds.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
