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| | | ... Capital kicked off a bidding war by offering $4.30 per Insignia share, which was then matched by Bain Capital earlier this week. Today, CC Capital has come back with a revised bid, increasing its offer to $4.60 per share. This represents a 7% premium ... |
| | | | David Bonderman, the co-founder of global alternatives investor TPG, passed away this week. Bonderman, affectionately known as 'Bondo' to many, was also founder of Wildcat Capital Management, the Bonderman family office, and owner of National Hockey ... |
| | | | ... board and commitment from all directors to vote in favour of the transaction in the absence of a superior proposal. This week, Insignia announced it is partnering with SS&C Technologies to transform its master trust business as part of its cost-cutting ... |
| | | | ... Stephen Jones said the purpose of Tranche 2 of Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. ... |
| | | | Australian gross domestic product (GDP) rose 0.3% in the September quarter 2024 and by 0.8% since September 2023, according to figures released by the Australian Bureau of Statistics (ABS). "The Australian economy grew for the 12th quarter in a row ... |
| | | | ... insurers. It includes the proposed rationalisation of the best interests duty and removal of the safe harbour steps. This week is the final sitting week for parliament. Abood said: "We're expecting to see the draft legislation [for Tranche 2] imminently. ... |
| | | | ... impacted by delays to death and TPD claims processing, some waiting more than 12 months. Speaking at the ASFA conference this week, ASIC warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently ... |
| | | | ... Jim Chalmers hinted there will be an announcement around changes to superannuation and the retirement phase sometime this week. Chalmers outlined the notable events on the government's agenda for the coming fortnight, including tackling inflation, tax ... |
| | | | ... continue to keep shareholders informed about the proposals in accordance with its continuous disclosure obligations." This week, the board agreed that BFG's proposal was "compelling" and recommended shareholders to vote in favour of it in the absence ... |
| | | | ... to be a value driver for the fund. Finally, while the insurance issues that led to ASIC filing its case against Cbus this week couldn't be discussed in great detail, Bragg did ask Fok who would ultimately foot the bill if Cbus is handed a fine at ... |
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