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Showing 1191 - 1200 of 3464 results for "Stake"

Wealth group makes acquisition

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... tuck-in acquisition of a financial services group on the New South Wales Central Coast. The subsidiary will acquire a 51% stake in the group which includes private wealth management, life insurance broking, finance broking and accounting and tax. The ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback. The review will be conducted by Treasury, aiming to test whether AFCA is operating effectively and achieving ...

360 Capital fund buys stake in NZ manager

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
360 Capital's REIT has acquired a 50% stake in a real estate fund manager. The 360 Capital REIT (ASX: TOT) acquired half of PMG Funds, which is based in New Zealand and has NZ$665 million in total funds under management. The sale price of NZ$17.5 million ...

Super fund buys stake in retirement village

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
A $135 billion industry superannuation fund is to acquire a stake in Lendlease's retirement villages business. Aware Super will gain a 25% stake in Retirement Living, which comprises 75 retirement villages that are home to more than 16,000 residents ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
There are clear opportunities to disrupt intra-fund and general advice that the industry is overlooking, shunning everyday Australians that need it most, according to superannuation experts. As the number of financial advisers continue to dwindle and ...

Australia sweeps pension market rankings

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
Australia is the most successful pension system among developed countries, according to Wills Towers Watson. The firm's Thinking Ahead Institute 2021 Global Pension Assets Study said Australia's thriving pension system boasts an 11.3% per annum ...

MMC acquires super fund administrator

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... in a move to expand its presence in Australia. MMC is now the owner of Brisbane-based IFAA Group after it first bought a stake in March 2020 of nearly 50%. The total consideration for both acquisitions were not disclosed. IFAA owns Superannuation Compliance ...

Industry fund awards $60m small caps mandate

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... AM's small caps team launched Eiger Capital. Challenger's multi-boutique business Fidante Partners has a minority stake in Eiger and handles distribution and marketing responsibilities, in line with its business model. TWUSUPER uses JANA as its ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
Senator Jane Hume has slammed the spectacle within the superannuation sector and the conflicting views from executives and industry bodies, which she says is the most "frustrating" part of her job. The Minister for Superannuation, Financial Services ...

Aussie super funds and Biden's US infra push

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... with," he said. AustralianSuper and UniSuper, together with the Canada Pension Plan Investment Board, recently acquired a 50% stake in the Greater Washington Area Express Lanes. Another opportunity lays in decarbonising the economy initiatives. This ...