Page 7 - First State Super News Today

What five super titans say about Your Future, Your Super reforms We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement One of the largest government reform packages to the superannuation system will be debated in federal Parliament this week. The policy, first mooted in last year’s budget, has been the subject of fierce debate ever since. Among the most controversial aspects of the Your Future, Your Super bill are a performance te...

QSuper and Sunsuper Merge to Create Australia’s Largest Retirement Fund QSuper and Sunsuper have agreed to merge, after 15 months of negotiations, to become a single superannuation fund, making it Australia’s largest. The move, announced on March 15, aims to integrate the two top-performing funds into a new entity with two million members and $200 billion in assets. QSuper Chair Don Luke and Sunsuper Chair Andrew Fraser said the agreement would pave the way to create “an organisation of w...

QSuper's boss will leave Queensland’s biggest pension fund following its planned $200bn merger with Sunsuper but staff have been guaranteed their jobs.

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Australia’s Second Largest Pension Fund Shelves Plan to Increase China Engagement Australia’s second-largest superannuation fund, Aware Super, will no longer consider China as an investment destination in its upcoming overseas expansion due to concerns over its behaviour and market efficiency in the country. Aware Super runs a $140 billion (US$109 billion) fund and is currently on track to grow the assets under its management to $200-300 billion (US$156-230 billion). Aware Super’s Chief I...

The former PM opposes using super to buy a private home but supports funds using members’ money to build houses and rent them back to members.

HostPlus doubles down on VC as Blackbird fund hits $652m Feb 2, 2021 – 12.00am Share Hostplus has brushed off speculation that liquidity pressure would crimp its pioneering venture capital portfolio, with the $50 billion industry superannuation fund revealing plans to grow its total private equity exposure from 8 per cent to above 10 per cent. Eyebrows were raised in August when technology investor Blackbird Ventures announced it had raised $500 million for its fourth fund, but Hostplus was n...

CFMEU ‘barred’ non-union contractor at Lendlease tower Save Share A delegate on Lendlease’s billion-dollar tower project in Melbourne’s Docklands has been accused of filtering out subcontractors from the site who are not members of the CFMEU. Jason Roach, shop steward for John Setka’s Victorian branch of the Construction, Forestry, Maritime, Mining and Energy Union, is facing court after he allegedly asked subcontractors inducted onto the second tower of the Melbourne Q...

MTAA Super and Tasplan will rebrand as Spirit Super after completing their merger, creating a $23 billion investor ambitious to deploy its newfound heft.

Data Addiction overhauls forecasting for Aware Super Data Addiction overhauls forecasting for Aware Super Builds new platform using Azure Machine Learning Credit: (c) Adrianocastelli | Dreamstime.com Microsoft partner Data Addiction has helped build a data modelling platform for the newly rebranded super fund Aware Super.  The Sydney-based Microsoft data and artificial intelligence specialist used the vendor’s Azure Machine Learning to build a new forecasting platform...