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Showing 1131 - 1140 of 2917 results for "Merge"

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... cross-section of the economy, not a single industry". "It has always seemed logical in mergers for trustees to seek opportunities to merge with like brethren," Hume said yesterday. "But we need to ask ourselves whether such proposals which essentially ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
This week the world gained some clarity as to the true scale of the impact COVID-19 is likely to have which, in turn, made clearer the challenges the financial services industry will face in combating the pandemic's effects. However, greater uncertainty ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... pushed back the date for their merger due to the COVID-19 global crisis. Tasplan and MTAA Super were initially scheduled to merge on 1 October 2020, but have now extended the timeline to finalise the deal until 31 March 2021. The funds said they reached ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members. With close to or more than half of their members sitting in the millennial age range, the likes ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... superannuation industry shows COVID-19 may prove the catalyst for small superannuation funds to finally pull the trigger and merge. Rice Warner believes the turmoil experienced across financial services will soon force small players in the super industry ...

VicSuper investments chief joins Hostplus

KANIKA SOOD  |  MONDAY, 23 MAR 2020
The $48 billion Hostplus has hired VicSuper's chief investment officer as a co-deputy chief investment officer, to work with Greg Clerk. Andrew Howard led investments at the $25 billion VicSuper, which is currently in the process of merging with First ...

Industry funds a bright spot for advisers

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
More than 750 financial advisers have left the advice sector in the last three months, but industry superannuation funds are recruiting. In the three months to today, 757 financial advisers have dropped off the ASIC Financial Adviser Register. During ...

Willis Towers Watson, Aon to merge

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2020
... two entities have confirmed a merger will go ahead. Aon and Willis Towers Watson have announced a definitive agreement to merge operations in an all-stock transaction with an implied combined equity value of about $121 billion (US$80 billion). Global ...

Jamie Dimon recovering after emergency heart surgery

ALLY SELBY  |  MONDAY, 9 MAR 2020
JPMorgan Chase & Co chief executive and chair Jamie Dimon is recovering after he experienced a tear in his heart's main artery and was rushed into emergency surgery late last week. The bank's co-presidents and co-chief operating officers, Daniel Pinto ...

Vanguard insto head jumps to super fund

KANIKA SOOD  |  FRIDAY, 6 MAR 2020
Vanguard has appointed a new head of institutional, as the incumbent takes a role at a $105 billion industry superannuation fund. Matt Willis is joining First State Super as its head of business development, tasked with overseeing the fund's organic ...