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Showing 1251 - 1260 of 2917 results for "Merge"

Aon exits advice

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
Aon will jettison its financial advice business, and has confirmed the transfer of its Eligible Rollover Fund to AUSfund. The Australian arm of the global financial services giant announced it will sell its finance advice arm and exit its aligned adviser ...

Super fund awards $50m mandate

KARREN VERGARA  |  MONDAY, 29 APR 2019
... whilst making a meaningful, positive impact to the environment." Tasplan has about 138,000 members. It could potentially merge with WA Super and Statewide Super after a spokesperson confirmed the talks with Financial Standard. According to Rainmaker ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ASIC received in the 2019-20 Budget, $69.9 million was allocated to increase its effectiveness ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Industry funds will shortly take the lead from SMSFs as the sector with the largest assets under management, new KPMG research predicts. KPMG's annual Super Insights report suggests by 2029, industry funds will have more than $2 trillion in assets and ...

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
The lion's share of the institutional mandates awarded in Australia last year went to international equities and alternatives manager, the latest Rainmaker Mandate Chaser report shows. Not-for-profit superannuation funds and investment managers handed ...

New chief executive at Link Fund Administration

KANIKA SOOD  |  FRIDAY, 5 APR 2019
An IBM managing partner has been appointed as chief executive of Link Fund Administration, as Link shuffles its executive lineup. Dee McGrath will now oversee Link Group's administration functions which services many superannuation funds. In her most ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... stage before members suffer significant harm." This may mean in some instances, underperforming funds will be forced to merge or exit the industry, she warned. Assistant Treasurer Stuart Robert said the legislation will help safeguard the retirement ...

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 ...