Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Future Group confirms more mergers ahead
Financial Standard
|May 05, 2025
The Smart Future Trust is growing again, taking on the Zurich Master Superannuation Plan and a small MLC product.
The Zurich Master Superannuation Plan will be merged into the Smart Future Trust alongside the MLC Insurance Only product that currently sits inside an Insignia Financial fund.
Equity Trustees serves as trustee of both the Smart Future and Zurich offerings and, following a review, decided Zurich members would be better off if transferred into a larger fund.
It said that after doing so, it was satisfied that transferring members to smartMonday PRIME, a product within the Smart Future Trust, was suitable. Upon completion, the Zurich branding will be abandoned.
The Zurich Master Superannuation Fund, which was established in 1994, has close to $800 million in funds under management, held on behalf of 7500 members.
Meantime, MLC Insurance Only is used by about 97,000 members to fund life insurance premiums in a tax-effective structure. It also has superannuation accounts with funds under management totalling about $200 million.
This story is from the May 05, 2025 edition of Financial Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Standard
Financial Standard
Opportunities abound
The past 12 months have been nothing if not eventful; just about every corner of the wealth management sector has been under the pump in one way or another, a period of dynamic change.
2 mins
December 01, 2025
Financial Standard
Sequoia chair boasts of 'good governance', despite ASIC action
Sequoia Financial Group's chair has told shareholders that “good governance remains central” to how it operates and confirmed it is in talks with Netwealth and Macquarie over their decision to bar InterPrac advisers.
1 mins
December 01, 2025
Financial Standard
Aware, Barings spin off BTR
Aware Super and Barings are turning their build-to-rent (BTR) portfolio into a standalone brand named WeAreLiving, aiming to grow the platform to $2 billion in the next five years.
1 min
December 01, 2025
Financial Standard
Interprac sued over failures
ASIC is taking Interprac Financial Planning to court over its failure to ensure representatives acted in clients' best interests. It's also been accused of lacking adequate risk management systems.
2 mins
December 01, 2025
Financial Standard
Advisers want to boost client book by 36%: CFS
While financial advisers have marginally increased the number of clients on their books to 112 on average, they aspire to serve 36% more, a new Colonial First State (CFS) finds.
1 mins
December 01, 2025
Financial Standard
Australia's AI game is on
Over recent weeks, artificial intelligence (AI) companies have attracted attention for less favourable reasons.
1 mins
December 01, 2025
Financial Standard
Five reasons the regulator is looking at the managed accounts sector
The managed account industry has grown from niche to mainstream in just a few years. What began as an efficient way to scale portfolio management has evolved into a multi-billion-dollar ecosystem spanning platforms, asset managers, and advisers. But with that success comes scrutiny, and it's no surprise that the regulator is now circling. Here are five reasons why.
2 mins
December 01, 2025
Financial Standard
Insurer acquires stake in Barings
MS&AD Insurance Group Holdings, via subsidiary Mitsui Sumitomo Insurance Co., will acquire 18% of Barings from MassMutual. MassMutual will continue to own 82%.
1 min
December 01, 2025
Financial Standard
First Sentier combines affiliates
A decade on from separating the two, First Sentier Group is merging Stewart Investors and FSSA Investment Managers back together.
1 min
December 01, 2025
Financial Standard
Talent crunch lifts base salaries for advisers
The shortage of financial advisers is seeing firms increasingly raise base salaries by as much as $50,000, according to a report by Kaizen Recruitment.
2 mins
December 01, 2025
Listen
Translate
Change font size