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A term sheet says Future Super would use the proceeds primarily for acquisitions. However, the company has since parked its immediate M&A ambitions.
Equity Trustees is now providing trustee services to Future Super and its Verve Fund.
Equity Trustees has been appointed as the superannuation trustee of the $1.8 billion Future Super fund.
From greenwashing allegations and interim stop orders to fines and penalties, Money Management has rounded up all the disciplinary actions faced by firms in the first half of 2023.
A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.