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Showing 1021 - 1030 of 2385 results for "Merger"

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... growth or decline, and other benefits or services provided to members. The assessment, KPMG said, will be a key driver of merger activity in the short-to-medium term. According to Rainmaker and APRA modelling, AustralianSuper ($9bn) experienced the largest ...

Chinese investment in Australia down 36%

ELIZABETH MCARTHUR  |  MONDAY, 15 APR 2019
A new report from KPMG has revealed a 36.3% reduction in Chinese investments in Australia, from $13 billion in 2017 to $8.2 billion in 2018. The report was produced by KPMG and The University of Sydney Business School looking at a dataset covering investments ...

Super funds hungry for global stocks, alternatives

KANIKA SOOD  |  THURSDAY, 11 APR 2019
... compliance Alex Dunnin said. "Super fund consolidation is also a factor in this mandate realignment. The recent string of fund merger announcements points to this not being an isolated occurrence." The five fastest growing asset class categories over ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Two superannuation funds are exploring a potential merger that would create a $113 billion fund with 1.1 million members. VicSuper and First State Super announced they have signed a non-binding memorandum of understanding, scouting the benefits of a ...

Superannuation fund chief accepts new role

KARREN VERGARA  |  THURSDAY, 4 APR 2019
The former chief executive of AustSafe Super has moved into a new role, following the completion of the fund's merger with Sunsuper. AustSafe Super chief executive Craig Stevens takes on the head of strategy role at Sunsuper following a successful ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... funds that is due to expire on 1 July 2020. This will ensure member balances are not hit with the tax consequences of the merger. In regards to the Royal Commission, $606.7 million from 2018-19 will be used to facilitate the Government's response ...

Aberdeen Standard fixed income lead departs

JAMIE WILLIAMSON  |  MONDAY, 1 APR 2019
... Australian fixed income team for five years; three as Aberdeen Asset Management and a further two following the Standard Life merger. He joined Aberdeen Asset Management in 2007 as a senior investment manager, after close to nine years at Deutsche Asset ...

SG Hiscock, DMP Asset Management to merge

HARRISON WORLEY  |  WEDNESDAY, 27 MAR 2019
... manager SG Hiscock (SGH) and DMP Asset Management (DMPAM) have agreed to merge by the end of the month. In announcing the merger plans, the two firms said a union will see the formation of a new organisation based out of Melbourne, offering respective ...

Managed accounts provider hires executive

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
A former general manager of MLC's platform business is joining an ASX-listed managed accounts provider. Bruce Hawkins joins Managed Accounts Holdings (managedaccounts.com.au or MGP) as chief financial officer. Melbourne-based Hawkins was most recently ...