POWERED BY MOMENTUM MEDIA
AGEST confirms AustralianSuper merger date
AGEST has confirmed its members will transfer to AustralianSuper at the beginning of next year.
The merger will occur overnight on 31 December, with AGEST members transferred into AustralianSuper's new public sector division effective 1 January 2013.
AGEST said member benefits had already been introduced to AustralianSuper's offering, including daily switching which AustralianSuper announced last month. It will become available in January.
Daily investment return updates and financial planning services in Canberra and Darwin were also retained for the advantage of AGEST members, the fund said.
The merger was announced in December 2011 but deferred last June in lieu of Government's decision regarding capital gains tax relief.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment