Page 2 - Mine Super News Today

Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name Team Super.

The superannuation savings of many Australians are forecast to grow by 8.8 per cent for 2023, an unexpectedly good result driven by strong markets that will mostly erase the losses of last year.

Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this years top stories largely focused on this space. However, there was one particular executive move that simply couldnt be scrolled past.

The merger of the two industry superannuation funds will go ahead, with the chief executive selected.

Vasyl Nair, the CEO of Mine Super, will lead the combined entity after the merger is completed in early 2024.

Superannuation fund members enjoyed a stellar year to June 30, 2023, with returns on the median balanced fund with 61 to 80 per cent growth assets reporting 9.2 per cent growth, according to Chant West.

Super fund members enjoyed a stellar year to June 30 2023 with growth funds reporting 9.2 per cent growth according to Chant West.

Former HKEX CEO Paul Chow dies; Ontario Teachers' head of Asia Pacific to step down; CPP Investments Asia team sees two changes; Prudential replaces CFO after code of conduct breach; FWD hires CFO from New York; and more

Barefoot Investor says Aussies should be concerned if their retirement nest egg is sitting in an underperforming fund named and shamed in the regulators report.

Aware Super has expanded its investment strategy team with the hire of four new specialists and has set up a new investment risk division.