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.
The unlisted asset value issue has been going on for YEARS !? Too little too late in my opinion. In…
Agree that Bragg seems to be doing a good job in the Senate Inquiry. But he really needs to give…
Yeah we can sue ASIC and when we win, we can fund the compensation to ourselves via an increase in…
“APRA is open to applying a different materiality threshold in respect of indirectly held unlisted assets if it is helpful…
And I'm sure the regulators have no idea that by encouraging this move they've increased the risk exposure of the…