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Industry funds pool $61bn of assetsBY KARREN VERGARA | THURSDAY, 11 FEB 2021 12:32PM
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger.
Read more: Maritime Super, Catholic Super, Club Super, David Elia, Equipsuper, Financial Standard, Hostplus Pooled Superannuation Trust, JANA, Peter Robertson, TWU Super
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Mainstream is pursuing a scheme of arrangement with SS&C Technologies Holdings after Vistra missed its deadline to match or provide a superior offer.
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years.
Global fund manager Nuveen Real Estate has shuffled its local executive lineup, which includes bidding farewell to its division head of Australia.
The government has commenced consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse.
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