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Showing 1 - 10 of 2084 results for "Merger"

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... hotels, and shopping centres. "This made her a key player in the country's financial industry. She orchestrated the 2011 merger of the beleaguered SCB bank with two other lenders in coordination with Vietnam's central bank," PBS said. The Associated ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
Australia's merger rules will be reformed in a bid to boost competition and productivity in the economy. Treasurer Jim Chalmers and assistant minister for competition, charities, and treasury Andrew Leigh jointly stated that mergers will be approved ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges, a member's transfer balance may be unintentionally adversely ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
AvSuper provided further updates on its merger with Australian Retirement Trust (ART), flagging to members that they will likely see investment, administration, and insurance fees increase. AvSuper will join the $280 billion ART with its 2.3 million ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Superannuation funds will be focused on ongoing merger activity and strengthening retirement strategies and product solutions in the next few years, according to Deloitte's Dynamics of the Australian Superannuation System report. The report forecasted ...

ART adds heavyweights to board

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
... Fraser thanked Traill and Williams for their service to ART. "Both have been valued members of the board of ART before the merger of Sunsuper. I want to thank them for their work, for their support as colleagues, and for their role in helping make the ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners after an independent review by KPMG found it would struggle to satisfy members' best interests by 2025. In March ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
Coastal Advice Group (CAG) has continued its expansion plans by announcing it has merged with Port Macquarie financial advice firm Compass Financial Management. This comes after CAG also acquired both RI Advice Brighton and Wealth for Life Financial ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... entities already own close to 16%. It was expected to involve exchanging one WAM Leaders share for every 1.46 QVE shares. The merger would result in a single investment company with a market capitalisation of $2 billion and 30,000 shareholders. WAM Leaders' ...
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