Trustee crimes of appointment, transfer and indemnity?

The Supreme Court of New South Wales issued a judgement in Application of MLC Investments Limited [2022] NSWSC 1541 which is relevant to the issue of whether superannuation trustees are at risk of committing offences under the Crimes Act 1900 (NSW) where it receives benefits in the course of changing trustee or giving effect to a successor fund transfer.

Super Funds Unwilling To Merge Seek Creative Alternatives

For many super funds, combining the best elements of two or more funds is an attractive venture, and in some cases, an inevitable one, with evidence and industry pressure behind it. APRA’s heatmaps still show 18 chronically underperforming super funds, and analysis from Super Consumers Australia estimates that mergers are leaving the average member $15,000 better off in retirement, primarily from fee-savings.

banking, data, insurance, superannuation, risk, technology, wealth managementQMV QMV1 March 2021qmv, advisory, consulting, wealth management, banking, superannuation, insurance, super fund merger, merger

Super Fund Mergers - Who Is Paying And What Are They Paying For?

A Successor Fund Transfer (SFT) or merge is an opportunity for funds to create greater scale that can be readily translated to benefits for the member. In an environment of increasing investor advocacy, a merge that builds “cultural” scale could be an alternative for funds with a strong member voice.

administration, due diligence, risk, CostQMV QMV22 September 2020super fund merger, cost, superannuation, michael quinn, qmv, merger, superannuation fund merger, member, sft, process analysis

Key Due Diligence Considerations For A Merger

One of the most important components of the due diligence process in superannuation fund mergers are cost projections and agreeing on who’s members are paying for what. There are many risks involved in mergers, but equally there are opportunity costs and risks associated with not doing it

administration, due diligenceQMV QMV20 August 2020super fund merger, cost, superannuation, michael quinn, qmv, merger, superannuation fund merger, member, migration, sft, process analysis, legal, qmv legal

Fund Merger Costs - What To Consider Before Funds Think About A Merger

One of the most important components of the due diligence process in superannuation fund mergers are cost projections and agreeing on who’s members are paying for what. There are many risks involved in mergers, but equally there are opportunity costs and risks associated with not doing it

superannuationQMV QMV30 July 2020super fund merger, cost, superannuation, michael quinn, qmv, merger, superannuation fund merger, member, migration, sft

Common Roadblocks In Superannuation Fund Merger Talks

Many promising superannuation fund mergers over the last decade have failed to eventuate and unfortunately there is little to no research to help us understand why. The question is, why are merger talks prone to collapse especially after the many efforts, expectations and money invested in due diligence, even when benefits to members, employees and the fund seem to be clear?

superannuation, riskGuest User24 June 2020qmv, superannuation fund merger, merger, super fund merger, talks, advice, consultants, failed, due diligence, risk, agree, deadlines, governance, disputes, board, tax, success, implementation, advisory, delivery, sft

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