Deanne Stewart, chief executive of Aware Super added: “We see such a strong values and cultural alignment between our two funds – elements that are critical to any successful merger. Our joint Government heritage demonstrates our understanding and commitment to the importance of supporting our local communities. Women working in the education sector represent more than 75 per cent of VISSF’s membership, while two-thirds of Aware Super’s … Peter Sharples, chair of VISSF, commented his fund is considering benefits from scale, given Aware Super is a growing national fund that already has a strong presence in Victoria. Through this merger, we will also significantly increase our footprint in Western Australia and will now have nearly 60,000 members in the State. This performance placed us in the top quartile of performance against peers for the year to 30 June 2020, and longer time horizons of rolling 3, 5 and 10-year periods^1. Speaking at a virtual event hosted by sister title Infrastructure Investor last week (February 24), Snow said the fund’s infrastructure portfolio had proved resilient during the covid-19 pandemic. VISFF had been founded by “strong, passionate female teachers who wanted to ensure they had the same opportunity as their male counterparts to achieve a comfortable retirement”, Ms Stewart asserted – a goal that remains relevant. APRA approves ‘transformational’ MLC deal, AMP advice transformation director departs, Climate change can bring rewards as well as risks, Why COVID-19 will be the “ultimate accelerator” for sustainable finance, The biggest climate risk is not seeing the opportunities. Aware Super itself was created from the merger of First State Super and VicSuper in July 2020 and then absorbing WA Super in December. Aware Super flags another possible merger. Call us or visit our website for a copy. Get notifications in real-time for staying up to date with content that matters to you. The merger gives Aware Super 60,000 members in Western Australia. Stimulate new thinking. The … You can contact her on [email protected]. Aware Super is exploring the possibility of merging with a 63-year-old industry superannuation fund. Our VicSuper brand continues to sit alongside Aware Super, and you’ll continue to be part of the VicSuper division of Aware Super. The two funds have signed a non-binding Memorandum of Understanding to explore the benefits of a merger. Please enable JavaScript in order to get the best experience when using this site. Aware Super. Aware Super also amalgamated with VicSuper last year. ASX Suffers from Longest Outage in A Decade, But What Does this Mean for Traders? Please click on the links to the, Insurance in Super Voluntary Code of Practice, Supporting those who support our children’s future, Key features and costs of an income stream, Low interest rates can affect your retirement goals, Engagement and advocacy – driving change through action. Should the merger proceed, Aware Super has offices across Melbourne and regional Victoria, so all members will be able to draw upon local face-to-face services, telephone-based or digital and online support. Media Super ups fees, premiums. Visit whatbrowser.org to check your browser version and upgrade. This is an exciting opportunity for First State Super, and our members and employers nationally, but most importantly in Western Australia. “Through this potential merger, we hope to build on VISSF’s incredible legacy and increase Aware Super’s scale in the key sectors that we serve including education, health, emergency services and other industries that support our community and pass on those scale benefits to our members.”. Previously known as First State Super, we changed our name to Aware Super in September 2020. Lists and Charts. Stimulate new ideas. We have common values and cultural alignment, a similar member base, a shared understanding of the important role financial advice plays in supporting our members to achieve the kind of retirement they deserve, and an absolute commitment to putting members first. Financial planning services are provided by our wholly owned financial planning business Aware Financial Services Australia Limited, ABN 86 003 742 756, AFSL No. VIEW COMMENTS This year, despite the challenging market conditions, For the year ending 30 June 2020, the Accumulation Growth default option (for members 59 years and under) delivered a positive return of 1.60% and the Accumulation Balanced Growth default option (for members 60 years and over) delivered a positive return of 1.28%. Level 19, 140 St Georges Terrace, PERTH WA 6000 . Key tools and information about your membership, Merger to benefit both First State Super and WA Super members. Explore the knowledge centre Knowledge Centre now. Our USI and ABN are changing From 1 July 2020 our Unique Superannuation Identifier (USI) and ABN will change. VISSF and Aware Super have signed a memorandum of understanding (MoU) to explore the benefits of a potential merger, signalling they will proceed with a due diligence process. The migration of the new Aware brand required experienced brand management, an understanding of the importance of consistency and clarity for user experience. Recent Post. Lists. We have partnered with MSCI Limited to manage this index and provide reporting. Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. The direct debit contributions you make on behalf of your employees will continue and no action is required. 90 were here. Learn how the right advice can set you up for a better financial future. “In the current superannuation environment, with increasing regulatory reform and rising costs of compliance, we recognize that economies of scale can have a positive impact on member fees, returns and ultimately long-term retirement savings,” Mr Sharples said. Aware Super, recently created from the mergers of First State Super, VicSuper and WA Super, has $140 billion in assets and 1.1 million members. Following the merger, the WA Super brand will cease to exist, with members becoming part of Aware Super; the new name for First State Super. Aware last year, completed mergers with VicSuper and WA Super. Deanne Stewart, chief executive of Aware Super, said the fund was pleased to have finalised the merger, despite the logistical challenges created by the pandemic. The A$135 billion entity is now in talks to potentially consolidate the A$850 million Victorian Independent Schools Superannuation Fund (VISSF) too. Aware Super: Winner Money magazine's Best Super Fund 2021. Aware Super has signed a Memorandum of Understanding with the Victorian Independent Schools Superannuation Fund (VISSF), looking into whether a merger of the two funds is in the best interest of members. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Discover the different advice we offer, designed to meet your needs. Info. The Aware Super Custom benchmarks incorporate our Responsible Ownership exclusions and refl ect what we can invest in from this date. Should the merger proceed, the combined fund will cater to nearly 200,000 members in the education sector. ↩. Women working in the education sector represent more than 75 per cent of VISSF’s membership, while two-thirds of Aware Super’s 1.1 million members are women. Copy link. May 13, 2021 . The fund chose to rebrand to its current name after closing the deal, from its former name of First State Super. Both funds have noted a crossover in member demographic. Aware Super and The Victorian Independent Schools Superannuation Fund (VISSF) have entered into merger talks. Find the information you need to make the right choices for your future. Doing well and doing good for members and communities It is Australia's second largest fund, with $130bn under management following the merger between First State Super, VicSuper and WA Super in 2020. Article orginally published by Financial Standard. Former executive pleads guilty to insider trading, Reforms will ‘destroy’ proxy advice: Labor, Government won’t regulate TikTok investment advice, Head of collapsed fund manager charged with dishonesty. Seek professional financial advice, consider your own circumstances and read our product disclosure statement before making a decision about Aware Super . This is an exciting opportunity for First State Super, and our members and employers nationally, but most importantly in Western Australia. 08 9480 3500 . While our other single-asset class options do not have a change to their return objective, the same Responsible Ownership exclusions apply. Read more about our new name below. If playback doesn't begin shortly, try restarting your device. It gained another 60,000 members with the completion of its merger with WA Super in December. Read more: EISS Super, TWUSUPER, Alexander Hutchison, Frank Sandy. This is general information only and does not take into account your specific objectives, financial situation or needs. Meanwhile Aware Super, now Australia’s second-largest fund, looked after $126.4 billion for 1.1 million members at the end of June. Both funds have undertaken an extensive due diligence process that began in March this year, and we have been able to confirm that this decision is in our members’ best interests. MTAA Super and Tasplan will rebrand as Spirit Super after completing their merger, creating a $23 billion investor ambitious to deploy its newfound heft. aware.com.au. Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. WA Super & First State Super Merger Announcement. Previously known as First State Super, we changed our name to Aware Super in September 2020. Aware Super & WA Super officially merge. First State Super and WA Super share many important ingredients for a successful merger. Meanwhile Aware Super, now Australia’s second-largest fund, looked after $126.4 billion for 1.1 million members at the end of June. Learn more about how we invest and what we invest in, Explore and compare our investment options, See our latest unit prices and learn how unit pricing works. Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. Both funds have noted a crossover in member demographic. Aware last year, completed mergers with VicSuper and WA Super. The recent merger of VicSuper with First State Super (now called Aware Super) in July 2020, created one of Australia’s largest superannuation funds. Aware Super is an Australian Industry Superannuation Fund. 90 were here. Continuing to navigate the site could present security risks and will result in a degraded experience, Learn more about how superannuation works, Help safeguard your finances against the unexpected, How to add to your superannuation and retire better, Everything you need to get your super sorted, Discover how we can help you save for a better future, Learn more about the improvements to MySuper Lifecycle, designed to help you retire with more, Discover the steps you can take now to make a difference in retirement, Turn your super into income with our income stream options, Learn how a Transition to Retirement Income Stream can work for you, Find out about government benefits you may qualify for when you retire, Set up an income stream and receive regular payments from your super, Find out how we can help make the most of your income in retirement. Aware Super has started talks with the Victorian Independent Schools Superannuation Fund (VISSF) around possibly combining forces, after completing two mergers in the past 12 months. The smaller fund's offices at 140 St Georges Terrace will become a new office for Aware in Perth. Up Next. You are now part of one of Australia’s largest industry super funds, managing $130 billion in savings for over 1 million Australians^1. Shopping. Contact Details. Please ensure you update your payroll details with the following information: Our direct debit details remain the same Employers who currently have a direct debit arrangement with VicSuper will have these arrangements transferred to the new trustee from 1 July 2020. Rise of the … Watch later. SuperRatings Fund Crediting Rate Survey June 2020 for the SuperRatings SR50 Balanced (60-76) Index and SuperRatings SR25 Conservative Balanced (41-59) Index. We also remain in a strong liquidity position and, are actively looking to invest to support employment and help Australia's economy recover from the current pandemic crisis; this includes seeking opportunities to invest in Western Australia. Aware Super will hit $200 billion in assets under management in the next two to three years, according to chief investment officer Damian Graham – and that growth will come as a combination of more mergers and the so-called “rivers of gold” that flow from Australia’s retirement savings. 7. By expanding our telephone-based Member Service Centre, not only will our members in WA have access to telephone-based support for the full span of WA business hours, but we hope to also be able to offer all of our members nationally extended hours of support; a real benefit for so many who work long hours or shift work. New Choice of Fund form W… WA Super has merged with Aware Super We’re delighted to welcome you to Aware Super, following our merger with WA Super on 3 December 2020. “With this in mind, VISSF is committed to continually looking for ways to achieve even better outcomes for our members. Build the right portfolio for you to manage your super and reach your retirement goals. Tap to unmute. Keep up to date with the latest trends and reforms, all while adding to your CPD. Through this merger with WA Super, our combined fund will continue to leverage its size and scale to drive strong returns to members and deliver increased service and support at the lowest possible cost. VISSF has a more than 60-year history as the default fund for teachers at independent schools across Victoria. Issued by Aware Super Pty Ltd ABN 11 118 202 672, AFSL 293340, the trustee of Aware Super ABN 53 226 460 365. Aware Super currently classifies its agriculture investments within its infrastructure portfolio, which sits at around A$9.5 billion ($7.4 billion; €6.1 billion) in value. Following our recent merger with VicSuper, we are now Australia's second-largest industry superannuation fund, and with our increased size and scale are well placed to deliver strong sustainable long-term returns to our members, at the lowest possible cost. This proposed merger will support Aware Super to build its scale in the sectors it serves such as education and health and, provide the benefits of scale to members. Your browser does not meet the minimum browser requirements for this site. In mid-September 2020, First State Super rebranded as Aware Super following its merger with VicSuper. Securely send information and documents to our journalists. Also last month, Aware Super signed a Memorandum of Understanding with the $855 million Victorian Independent Schools Superannuation Fund (VISSF). The proposed merger provides VISSF members with access to a diverse pool of investment opportunities, enhanced service offerings and a broad financial advisory network. Share. Jan 18, 2021; Aleks Vickovich 38. This disclaimer is related to the First State Super accumulation product. Both Dundon at Aware Super and Kate Farrar, newly appointed chief executive of the merged LGIA and Energy Super, were conscious about the potential for culture shock because of their respective mergers and said that to mitigate that, company culture was an important consideration when deciding which funds to merge with. 89 were here. Previously known as First State Super, we changed our name to Aware Super in September 2020. The listed asset manager says it expects funds under management to swell over $130 billion as it kicked off a capital raising to acquire a U... Pendal Group is set to double its addressable market in the US, with the acquisition of a value-oriented investment manager for $413 million... APRA has approved IOOF’s acquisition of MLC’s NULIS Nominees in a decision that will create one of the largest wealth managers in Austra... Do you have information the public should know? It gained another 60,000 members with the completion of its merger with WA Super in December. Previously known as First State Super, we changed our name to Aware Super in September 2020. Aware Super, previously known as First State Super, rebranded to highlight its national growth after the acquisitions of VicSuper and WA Super last year. Retirees freed from legacy products . We are … What will happen to VISSF's brandCollapsed. We use cookies to improve your experience on our site, including remembering your preferences, analysing traffic and tailoring advertisements. VISSF, an education industry default fund for employees of Victorian independent schools, managed around $855.1 million in assets for a little more than 7,000 members, as at 30 June 2020. Fund Managers. 24. We’ve completed the merger between VicSuper and First State Super (now called Aware Super), making us the second largest super fund in Australia. Navigate the complexities of aged care with our dedicated specialists. Brand Management - Migration for superannuation mergers . Our financial planners can help work out which advice is right for you. The merger of WA Super and Aware Super is founded on our shared common values and cultural alignment. “More than two-thirds of our members are women and we understand some of the real structural barriers so many Australian women face in achieving the kind of retirement they deserve,” she said. We will also have a larger service and support team located in WA, including part of our national telephone-based Member Service Centre. Also last month, Aware Super signed a Memorandum of Understanding with the $855 million Victorian Independent Schools Superannuation Fund (VISSF). May 11, 2021 . So, we have chosen to take a proactive approach by considering how we can attain the benefits that size and scale bring, with the right merger partner.”. WA super merger to go ahead We can confirm that the merger with WA Super will proceed and is expected to be finalised by 30 November 2020. Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. We strive to deliver strong long-term investment returns and invest to create a positive impact. 90 were here. By using this website, you consent to the use of cookies in accordance with our Cookie Policy. WA Super had sought to justify its merger with Aware Super by pointing to the scale benefits, outlining them as being better off for clients in the longer term as being part of a larger fund would offer substantial size and scale benefits. 238430. As a result of the amalgamation, Aware Super has gained 60,000 members in Western Australia and an office in Perth, the former WA Super headquarters. In December 2020, Aware Super officially merged with WA Super and all its members will become Aware Super members from 4 December 2020. Past performance is not a reliable indicator of future performance.
Catholic Schools Week Liturgy 2021, Przyspiewki Weselne Magik Band, Awacs Surveillance Aircraft, Blueberries For Toddlers, How To Celebrate Divine Mercy Sunday, Capri Wedding Venues, Regents Park Surgery Southampton, Caboolture Real Estate, Real Madrid Payroll 2021, Motogp Indonesia 2021,
Recent Comments