Equity Trustees completes OAMPS Super acquisition
Equity Trustees has completed its acquisition of the OAMPS Superannuation Fund.
The company said completion of the acquisition had been achieved on Monday with Equity Trustees chairman, Tony Killen, describing it as “part of our step growth in the superannuation sector and a great bolt-on to our existing master trust business”.
His sentiments were backed by Equity Trustees managing director Robin Burns, who said it would provide further strength to the company’s superannuation offering and its overall wealth management and funds management business.
The OAMPS Super Fund has around $265 million in funds under management and around 27,000 members.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.