The latest issue of Financial Standard now available as an e-newspaper
Suncorp divests super unit to industry fundBY KARREN VERGARA | WEDNESDAY, 28 APR 2021 8:31AM
Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members.Read more: Energy Super, Queensland, CEO Suncorp Banking, MultiManager Growth Fund, Steve Johnston, Suncorp Group, Suncorp Wealth, Wealth Clive van Horen
The $67 billion super fund for the building and construction industries will launch new investment options as it remains focussed on growing to $150 billion.
PineBridge Investments appointed a head of wealth management for the Asia region in a newly created role.
Asset managers and superannuation funds will ramp up their digital advice offerings in 2022 as the reality of financial advisers exiting sets in.
Pendal Group has endured a disappointing quarter, with $5 billion in outflows from UK institutional clients.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|