CareSuper and MIESF to merge
CareSuper and the Meat Industry Employees Superannuation Fund (MIESF) have taken the first steps towards a merger, signing a Heads of Agreement which would see members transfer to CareSuper.
In a statement issued today, the two funds said that, if completed, it would see 17,000 members and over $1 billion in funds under management transfer to the 550,000 member CareSuper.
In a joint statement, CareSuper chief executive, Jason Murray and MIESF Katherine Kaspar said before any formal decision is made, both funds would undertake due diligence to ensure the move was in the best financial interests of members.
Let's say that I am a super trustee that owns a commercial office building. I outsource the cleaning and maintenance…
Listening to the SMC is like listening to Ronald McDonald providing an opinion regarding nutrition.
Although this is old hat, just a reminder that this was yet another Canberra failure.
Isn't this really old news ? We knew this years ago ?
What a load of absolute conflicted waffle. ISFs are masters of “outsourcing” to often related parties to siphon off profits…