In an Australian first in the modern superannuation era, Maritime Super will enter into a strategic partnership with Hostplus to combine investment assets. The move, subject to final board approval this week, will allow the funds to take advantage of the broader investment opportunities, lower investment management fees and realise other cost and scale benefits and efficiencies that come from a much larger asset pool. Read more about Maritime Super and Hostplus announce strategic asset pooling partnership.
Hostplus has announced that its partnership with its fund administrator, Link Group (Link), will be extended to include the outsourcing and management of its service centre and other member service functions. Read more about Announcement on changes to Hostplus Service Centre.
In a highly anticipated Budget, Federal Treasurer, Josh Frydenberg outlined an economic recovery plan to create jobs, rebuild our economy and secure Australia’s future. Here are some of the relevant proposals intended to get money into the hands of those who need it most and stimulate growth. Read more about 2020 Federal Budget recap.