Fund Company Update

Cbus and EISS Super consider merger with memo signing

Cbus Super and EISS Super have signed a memorandum of understanding to complete a merger next year. Cbus has $67 billion in funds under management, while EISS Super has $6.4 billion.

IOOF now Insignia Financial

IOOF’s name change is now official and the company is to be known as Insignia Financial. Insignia Financial will be the new corporate brand for the portfolio of brands, including MLC.

Club Plus Super completes merger with AustralianSuper

The merger of Club Plus Super with AustralianSuper is now complete, bringing 60,000 members and $3.2 billion in member assets from Club Plus Super to the 730,000 AustralianSuper members with their member assets of $65 billion.