POWERED BY MOMENTUM MEDIA
Merged Tasplan and MTAA Super to be named Spirit Super
MTAA and Tasplan will be known as Spirit Super after the two superannuation funds merge on 1 April, 2021.
In an announcement, the funds said Spirit Super would have a joint funds under management of $23 billion and 326,000 members.
On the name MTAA Super chief executive, Leeanne Turner, said: “What I love about Spirit Super is it captures the energy of what we’re about. It’s fresh and optimistic and innovative — everything we want to be.
“This isn’t about a big fund absorbing a smaller fund. It’s about two successful funds coming together to get even better. It’s a true partnership that will provide a better super experience and outcomes to members across the nation.”
Turner also announced there would be a reduction in administration fees for all Spirit Super members.
“The details are being worked through, but there will be a drop in administration fees when Spirit Super kicks off. So right off the bat, members will start seeing the benefits of the merger,” she said.
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
What a stupid name, worse then the recently branded "Aware Super". So the rev head industry fund and the in-bred industry fund become "Spirit Super"? Then the marketing hyperbole, “What I love about Spirit Super is it captures the energy of what we’re about. It’s fresh and optimistic and innovative — everything we want to be.". Whoever wrote that had a good break next to a chemical plant. Just call in "Inbred rev-head super" and be done with it. A few less financial services jobs in Tassie shortly.
A much better name than MTAA, since its open for anyone. I like it.
I hate it...
Whats that analogy linking a certain orifice to opinions..