Page 13 - First State Super News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 test that bans under-performing super funds from accepting new members, a “stapling” measure that ...

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 world-class capability” with the scale to deliver “outstanding services, greater efficiencies, an...

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 Investment Officer Damian Graham announced the news at a Bloomberg Inside Track webinar on Feb. 8 aft...