EISS Super merger with TWU Super ‘in neutral’
Troubled superannuation fund EISS Super has confirmed that its proposed merger with TWUSuper has been placed “in neutral”.
The newly-appointed chairman of EISS Super, Peter Tighe has today outlined the fund’s position in the wake of the departure of its previous chairman and chief executive amid a range of adverse media reports.
Giving evidence before the House of Representatives Standing Committee on Economics, Tighe said that while the merger with TWUSuper was still a possibility, it was currently “in neutral” while the board re-evaluated the issue.
Tighe, who has previously sat on the board of big construction industry fund, Cbus, also acknowledged that consideration had previously been given to a merger with Cbus.
Where's the ten years look back longo you hypocrite!
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Didn’t ASIC say in AustralianSuper $27mill fine case “it relates to the profits the fund receives and thus the fine…
Two concurrent ASIC actions, one already resulting in a $27m fine, and who knows what the eventual (negotiated) fine will…
So by this logic, it's ok to allow Darth Vader to be the CEO for the Council of Jedi's. No…