POWERED BY MOMENTUM MEDIA
Tasplan finds new potential merger buddy in MTAA Super
Tasplan and MTAA Super are considering merging, announcing they had entered a binding Memorandum of Understanding (MoU) to investigate the move just hours after Money Management’s sister publication, Super Review, confirmed that the former fund’s merger discussions with Statewide Super and WA Super had fallen through.
Statewide Super announced on Friday that it was no longer pursuing its merger discussions with Tasplan and WA Super, with Tasplan seemingly only finding out at the last minute. The fund told Super Review: “"Tasplan has today been advised by Statewide Super of their withdrawal from the triparted MOU process."
Should the merger between Tasplan and MTAA Super go ahead, it would create an industry super fund with more than $22 billion in funds under management and 328,000 members. Both funds said that the best interests of members would be the deciding factor in the MoU talks, with a priority on providing quality services and member outcomes.
“We anticipate that the increased scale will deliver efficiencies that can be passed on to members by way of product and service improvement, competitive fees and returns,” Tasplan chair, Naomi Edwards, and MTAA Super chair, John Brumby, said in a joint statement.
“While there is still much work to be done, we are excited by the prospect of building a fund of significant scale, enjoying widespread national membership and offering further improvements in benefits to our members over time.”
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
