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Australia Pensions Ink Deal to Create $155 Billion Fund

(Bloomberg) Two of Australia’s largest pension funds moved a step closer to creating a A$200 billion ($155 billion) giant as the world’s fourth-biggest pension pot consolidates.QSuper and Sunsuper Pty. have signed a deal to merge, the two funds said in a joint statement Monday. The Brisbane-based funds will combine by September to create the country’s second-largest pension fund.“This historic agreement will pave the way for the creation of an unquestionably strong superannuation fund with the scale to deliver outstanding services, greater efficiencies and lower costs for members,” according to the statement.Australia’s A$3 trillion pension industry is consolidating amid increased scrutiny of under-performing funds and growing pressure to cut fees and boost returns. Tasplan and MTAA Super will combine into a A$23 billion fund by the end of this month, while Construction & Building Unions Superannuation and Media Super will merge by year& ....

Don Luke , Michael Pennisi , Bernard Reilly , Sunsuper Pty , Unilever Plc , Building Unions Superannuation , Media Super , Worst Australian Pension Funds Warned , Australian Financial Review , Pension Funds , Virgin Australia , Queensland State Government , Combined Fund , தாதா லூக் , மைக்கேல் பெண்ணிசி , பெர்னார்ட் ரெய்லி , யூனிலீவர் ப்ல் , கட்டிடம் தொழிற்சங்கங்கள் சுப்பெறன்ணுஅதிோன் , மீடியா அருமை , ஆஸ்திரேலிய நிதி விமர்சனம் , ஓய்வூதியம் நிதி , கன்னி ஆஸ்திரேலியா , குயின்ஸ்லாந்து நிலை அரசு , ஒருங்கிணைந்த நிதி ,

Australia pensions ink deal to create $208.5 billion mega fund

The Straits Times
Australia pensions ink deal to create $208.5 billion mega fund
QSuper and Sunsuper have signed a deal to merge, the two funds said in a joint statement on Monday (March 15).PHOTO: QSUPER FUND/FACEBOOK
PublishedMar 15, 2021, 11:49 am SGT
https://str.sg/JjDk
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Building Unions Superannuation , Media Super , Australian Financial Review , Pension Funds , கட்டிடம் தொழிற்சங்கங்கள் சுப்பெறன்ணுஅதிோன் , மீடியா அருமை , ஆஸ்திரேலிய நிதி விமர்சனம் , ஓய்வூதியம் நிதி ,