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Showing 11 - 20 of 37483 results for "Will"

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday. Morningstar analyst Shaun Ler said KKR's proposed acquisition ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
Financial advisers will need to band together to successfully get through another of period of reforms that will ultimately make advice accessible and affordable, this year's Stockbrokers and Investment Advisers Association (SIAA) Conference will ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... (AFCA) and Compensation Scheme of Last Resort (CSLR) have signed a Memorandum of Understanding (MoU) setting out how they will work together to support a fair and efficient financial services sector. The MoU reflects the parties' intention to maintain ...

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund. AUFM will also step down as trustee of the fund, with Perennial taking over as trustee. The fund's managers, Victor Windeyer and Sam ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
GuildSuper and GuildPension members will see some changes to the fees they pay from this month. In November last year, Future Group acquired GuildSuper, including Child Care Super, adding about $2.77 billion in funds under management and some 99,000 ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds from the sale, after accounting for the repayment ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... said. Newly minted chief executive Jeff Peters unveiled his turnaround plan in March. The reset phase currently underway will slash costs in a bid to "right size" the business. It also involves reviewing existing product offerings and distribution channels ...

REI Super updates Conservative option

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
REI Super is rejigging its Conservative investment option and will change the name to "Growth Plus". The change will take effective from June 30, the super fund said, noting that from a risk and return perspective the option is similar to the Bonds ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... addition, the RBA lifted its Consumer Price Index forecast by 5bps in June and December 2024 to 3.8% but still expects inflation will return to the top of the target range by December 2025. In its statement, the central bank said it "remains vigilant ...

AMP launches alternative debt fund

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... to be around US$1.7 trillion globally, of which $200 billion is estimated to be Australian. The new Alternative Debt Fund will be a standalone strategy that can be accessed by members of AMP's Super Fund invested in the MySuper or Future Directions options ...