lawyers weekly logo
Advertisement
Markets
07 November 2025 by Adrian Suljanovic

Macquarie profit rises amid stronger asset management results

Macquarie Group has posted a modest profit rise for the first half, supported by stronger earnings across its asset management and banking divisions
icon

ESG investing proves resilient amid global uncertainty

Despite global ESG adoption dipping slightly from record highs, Asia Pacific investors remain deeply committed to ...

icon

Cboe licence attractive to potential buyers: ASIC

Cboe’s recent success in acquiring a market operation license will make the exchange more attractive to incoming buyers, ...

icon

NAB profit steady as margins tighten and costs rise

The major bank has posted a stable full-year profit as margin pressures and remediation costs offset strong lending and ...

icon

LGT heralds Aussie fixed income 'renaissance'

Despite the RBA’s cash rate hold, the domestic bond market is in good shape compared to its international counterparts, ...

icon

Stonepeak to launch ASX infrastructure debt note

Global alternative investment firm Stonepeak is breaking into Australia with the launch of an ASX-listed infrastructure ...

VIEW ALL

Sunsuper boosts corporate business

  •  
By Christine St Anne
  •  
4 minute read

Sunsuper has secured a $75 million corporate super mandate from Newcrest Mining.

Industry fund Sunsuper has boosted its corporate business with the fund now managing the Newcrest Mining staff superannuation scheme.

The scheme includes 2000 employees and $75 million in funds under management (FUM).

The deal has boosted Sunsuper's corporate business to more than $2 billion in FUM.

Sunsuper also recently won business from Unilever. In March, Unilever outsourced the management of its superannuation fund to the industry fund.

 
 

"These two significant corporate wins have grown our corporate business," Sunsuper chief executive Tony Lally said.

Lally said the fund would look at more opportunities for growth and in particular would focus on companies looking to outsource their superannuation funds.

"We welcome any funds who are looking to merge with us," he said.

Sunsuper will also continue to boost its business nationally.

"We already have $2 billion in funds under management sourced from Sydney," Lally said. 

"With the Cooper review's focus on cost, scale will emerge as important in reducing cost. Greater scale will also allow us to deliver more services at reduced costs for our members."

The inclusion of superannuation funds as default funds in the current award system was an important issue for Sunsuper, he said.

Sunsuper is represented in 60 national awards.

The Cooper review, however, has recommended that the Productivity Commission review the awards in 2012.

"This is an important issue for us. We believe that any review will need to consider the track record of a superannuation fund and how cost effective it is," Lally said.