Noosa News
Suncorp enters agreement to sell wealth arm to LGIAsuper
Suncorp has revealed it will sell off its wealth management business to another Queensland-based superannuation fund.
In a statement lodged to the Australian Stock Exchange on Wednesday, the financial and insurance group announced it had entered into an agreement to sell off its wealth division to LGIAsuper.
The deal means 137,000 Suncorp superannuation members will merge into LGIAsuper, which is already looking at amalgamating with another Queensland fund, Energy Super.
The juiced-up super fund is estimated to be worth $28bn in funds under…
-
General19 hours agoFrom jackaroo to ‘Golden Tonsils’ radio titan: the life and career of John Laws
-
General23 hours agoMajority of Australia’s first Ashes Test squad to feature in Sheffield Shield round four
-
General6 hours agoPrincess Anne remembers Porepunkah police officers in wreath-laying ceremony in Melbourne
-
General10 hours agoAFL gives teams finishing 10th chance to win premiership through wildcard round in finals