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Platinum, Regal put acquisition talks to bed

JAMIE WILLIAMSON  |  MONDAY, 9 DEC 2024
... enhance its bid and allow Platinum time to do its own review of Regal. Today, both parties have confirmed those discussions have now ended. It comes after Platinum recorded close to $1 billion in outflows during November; a $537 million institutional ...

Adviser exam pass rate improves

MATTHEW WAI  |  MONDAY, 9 DEC 2024
... exam for the first time. To date, 21,637 individuals have sat the exam and over 20,060 (92%) have passed. That said, there is now less than 16,000 financial advisers practicing in Australia. A new financial adviser must pass the exam before starting ...

ANZ chief to retire, external successor named

MATTHEW WAI  |  MONDAY, 9 DEC 2024
... financial officer and global managing director for its institutional division. Sharing the news on LinkedIn, Elliot said: "For now, and over the coming seven months, I remain focused on delivering our strategy and leaving the bank in the best possible ...

AustralianSuper replaces retirement lead

ELIZABETH FRY  |  FRIDAY, 6 DEC 2024
... all superannuation, insurance, and retirement products since 2022. Reporting to chief member officer Rose Kerlin, Hancock is now tasked with building on the strengths of the savings system and developing a simple, seamless and member-centred retirement ...

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... was the patience and support we felt from you and our employer partners throughout what was a very frustrating time for you. Now, understandably members at the time were concerned the outage may have been the result of a malicious or cyberattack, fortunately ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... would have received in interest on their savings. It was due to go to a four-week hearing in mid-November, but the matter has now been settled for $64.25 million, inclusive of legal fees. The amount is still subject to court approval and the settlement ...

NEOS updates medical definitions, labels

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... (profound and irrecoverable)". Another change of name is for "Pulmonary arterial hypertension (idiopathic and familial)" which is now "Pulmonary arterial hypertension (idiopathic and familial with significant permanent impairment)". NEOS updated its ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... of Australians "leaving the workforce for good" from mental ill-health has decreased from 49 years a decade ago to 46 years now. CALI chief executive Christine Cupitt said the unprecedented number of people exiting the workforce permanently in the prime ...

Equity Trustees completes AET integration

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... strategically and financially compelling acquisition that would deliver significant growth for Equity Trustees." O'Brien added AET is now operating seamlessly as part of the Trustee and Wealth Services private client business and has added scale, expertise ...

HMC Capital makes $950m acquisition

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... to perform very well over the next five years. "The past 12 months has seen HMC establish three major new platforms. HMC is now a truly diversified alternative asset manager with scalable platforms in real estate, private equity, private credit, energy ...