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Showing 1 - 10 of 6950 results for "Deal"

ANZ transfers Will bank to Equity Trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024
... Will banks in the country as a result of the move, adding to the sizeable bank acquired in the Australian Executor Trustees deal at the end of 2022. Further, under the deal, ANZ Private Bank will now refer clients to Equity Trustees should they require ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban Sean Sweeney. In February 2023 ASIC banned Sweeney from providing any financial services, performing any function involved in the carrying on of a financial services ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... government and this Budget delivers for every Australian. A tax cut for every taxpayer. Wages growing in every industry. A better deal for every working parent. A fairer go at every checkout," Chalmers said when presenting the Budget to parliament. "New ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The Australian Financial Complaints Authority (AFCA) added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the costs and levy financial advisers must pay. The Financial Advice Association ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... "Member services failures are an enforcement priority for ASIC, we expect trustees to communicate proactively with members, deal responsibly with members' money, and deliver good value for money. This is regardless of the phase of membership of the ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... uncertainties regarding transaction costs, separation expenses, and capital gains tax make it difficult to determine if the deal is accretive to Morningstar's intrinsic assessment. KKR offered $2.2 billion in cash, which equates to $19.20 per share. ...

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... management and investment strategy is ensured. Victor and Sam will be able to leverage from the substantial private markets deal flow that Perennial already enjoys which will benefit investors in the Future of Healthcare Fund." The Future of Healthcare ...

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

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... management 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 ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
... of which were institutional while the remaining third were wholesale. Howes said DREP1 adopted a disciplined and rigorous deal assessment process, with only 4% of potential opportunities moving to execution. DREP2 would follow a similar disciplined process. ...

Prime Super finds new chief executive

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
Prime Super has appointed former Zurich chief of business transformation Raelene Seales as its new chief executive. The $7 billion industry fund with 140,000 members said Seales will commence on June 3. Seales previously served as Zurich's chief ...
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