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LGIAsuper acquires Suncorp’s superannuation business
By Emma Ryan|11 May 2021
Global law firm Jones Day is advising LGIAsuper on its acquisition of Suncorp’s superannuation business.
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Deal: LGIAsuper is set to acquire Suncorp’s superannuation business, through the acquisition of Suncorp Portfolio Services Limited (SPSL).
Value: $45 million.
Area: M&A.
Key players: The team advising LGIAsuper was led by Jones Day Brisbane-based financial markets specialist Jo Dwyer and Brisbane-based M&A specialist Isaac West, with assistance from Benny Sham, Ingrid Costello, Dylan McIntyre and Samuel Cross.
Deal significance: According to a statement provided by Jones Day, SPSL has 137,000 superannuation members and approximately $6.4 billion in funds under administration. ....
Advisers call for O Dwyer boycott Advisers call for O Dwyer boycott An industry body has reported outraged member feedback that the former financial services minister, who was responsible for the establishment of FASEA and a number of other reforms to the industry, has landed plum board positions at a number of institutions. A A In a document outlining its political strategy for the upcoming election – where the adviser body has pledged to mobilise against Coalition MPs in marginal seats – the AIOFP stated that “some members have advised they will be boycotting any manufacturers who appoint former minister Kelly O Dwyer to their board or management for her past handling and decision making within our industry”. ....
PATROLS at a popular county beauty spot have been upped after barbed wire was found placed across paths to harm visitors. We reported earlier in the week on an image - captured on the east side of Jubilee Hill - showing a long length of barbed wire stretched across a downhill path, which could snare a cyclist causing life-changing injuries. West Mercia Police said through their Malvern Cops Twitter account: “Bike and foot patrols [out on the hills], following reports of barbed wire left across bike tracks on the Malvern hills. “Anyone with information should call 101 with reference 0622 i 0703202.” Members of the public Facebook group Malvern Matters have been reacting to the wire - including one worried parent. ....
Barbed wire illegally placed over Malvern Hills paths to cause injury malverngazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malverngazette.co.uk Daily Mail and Mail on Sunday newspapers.