BT Super sold to Mercer
Westpac and BT have confirmed the sale of the BT Superannuation business to Mercer.
Superannuation funds could be stung for millions of dollars to meet the regulator’s data collection needs.
Cbus appoints new group executive
Antony Thow will replace the outgoing Robbie Campo in the Group Executive Brand, Growth and Product role at Australian super fund, Cbus.
Will the new Labor Government review and slow the drive by APRA to force superannuation fund mergers? Many funds hope so.
Just days after the election, the latest APRA data have drawn a stark picture of the impact of superannuation early release.
Mercer has been touted as the front-runner to acquire the BT Superannuation business creating a $80 billion retail super trust.
Superannuation fund financial year returns are now an each way bet to be in negative territory, according to SuperRatings.
Retirement strategy should be priority for superannuation funds rather than new products, according to the AIST.
Superannuation funds have signalled they will want secured lender status under any super for home loans scheme.
The merger between Australian Catholic Super and UniSuper has progressed to the Heads of Agreement stage, after due diligence was completed.
