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Showing 1321 - 1330 of 6236 results for "MER"

Netwealth proposes merger with Praemium

ANNABELLE DICKSON  |  TUESDAY, 2 NOV 2021
Early this morning Netwealth made an unsolicited bid of $785 million to merge with Praemium, but the latter has rejected the move. Netwealth offered one new share for every 11.96 Praemium shares plus a cash consideration following the net proceeds from ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
The documents produced by Australia's largest superannuation funds have performed dismally in an analysis of readability, with an average score of 45.6 out of a possible 100. Ethos CRS analysed 80 different documents published online by the 10 largest ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
The legislation that will see the merger of Sunsuper and QSuper through was passed this week. The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was passed by the Queensland Parliament on October 26, enabling the merger. The bill ...

Financial services feels talent crunch

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
According to SEEK data, the number of unemployed people to each job vacancy is at an all-time low and financial services specialist recruiter Kaizen has confirmed the industry is also suffering a dearth of talent. In its most recent quarterly update ...

LGIAsuper, Energy Super change fees

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits. Members of the superannuation fund will no longer be charged a $1 weekly administration fee and will pay ...

MetLife upgrades adviser platform

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
MetLife Australia unveiled a new digital platform for financial advisers to cater to regulatory and product changes that took effect this month. Key product changes follow APRA's reforms to income protection which kicked off in October. The platform ...

APRA appoints investment risk lead from TCorp

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
A former New South Wales Treasury Corp executive has joined the prudential regulator as head of investment risk. Geoff Stewart was appointed head of investment risk at APRA in September. Stewart recently finished up as TCorp's head of investment advisory ...

Family offices back Regal resources fund

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
A small group of family offices have backed a new long/short resources fund from Regal Funds Management to the tune of $90 million. Regal said it was recently approached by a small group of family office clients requesting an ability to gain a singular ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
The quality of Australia's superannuation system made marginal improvements and scored highly for its integrity and sustainability, according to a global study. The Mercer CFA Institute Global Pension Index this year graded Australia a B+, slightly ...

NAB adds to board

ANNABELLE DICKSON  |  WEDNESDAY, 20 OCT 2021
The big four bank appointed the former chief executive and founder of Vocus Communications as a non-executive director. James Spenceley founded Vocus Communications in 2007, which was recently acquired by Macquarie Infrastructure and Real Assets for ...