Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1531 - 1540 of 17436 results for "Billion"

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
... ended," Perpetual said. KKR was hoping to secure Perpetual's wealth management and corporate trust businesses for $2.18 billion. The independent expert hired to assess the tax liability has now concluded that the deal "is not in the best interests ...

Superannuation powerbrokers bound for US investment summit

ANDREW MCKEAN  |  FRIDAY, 21 FEB 2025
... growing New York team gives it local insight and access to the best investment opportunities for members. "We have $83 billion already invested in the US. Its diverse and sophisticated economy presents an unparalleled opportunity to help more Australians ...

UniSuper targets 'missing middle' with new digital advice offering

ANDREW MCKEAN  |  FRIDAY, 21 FEB 2025
... to provide its members with personal advice on superannuation, insurance, investments, and retirement options. The $149 billion industry fund said the partnership expands its financial advice offering to the "missing middle" of members who wouldn't ordinarily ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action in October 2024, alleging that the $360 billion super fund's misdeeds stretched back to 10 years. AustralianSuper admitted that, between 1 July 2013 and 19 June 2022 ...

Super moves: Aware Super, CareSuper

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Aware Super has added a new associate portfolio manager to its infrastructure team. In the new role at the $190 billion superannuation fund, Sue Jiang is responsible for the origination of new investment opportunities and managing the existing investments ...

ART appoints chief commercial officer

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... appointment of Stephen McKay as its chief commercial officer. McKay was appointed in an interim capacity last July when the $300 billion super fund overhauled its senior management team. He replaced long-tenured chief commercial officer Dave Woodall ...

Insignia Financial improves losses amid takeover

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... expenses dropping slightly by 7% to $482 million. Average funds under management and administration rose 8.6% to $320 billion. Its Advice business recorded an underlying net profit after tax (UNPAT) of $11.8 million, while revenues grew more than 4.4% ...

Macquarie AM expands $300m active ETF platform

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
... launch comes as the fixed income ETF market in Australia continues to grow, with AUM more than doubling in size to $28 billion in 2024, according to the ASX. It has become the third-largest ETF asset class after international and Australian equities. ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
... 2024, according to a new report from Class. The total value of the net assets administered on Class grew by 9.2% to $355.9 billion across 184,830 SMSFs throughout the period. Despite a slight decline from 52.6% to 51.9%, Generation X, born between 1965 ...

HUB24 engulfs ClearView's remaining superannuation business

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
HUB24 expects its $121 billion in funds under administration (FUA) to surge even further as it takes on ClearView's superannuation and pension business, WealthFoundations. WealthFoundations will bring $1.3 billion in FUA via a successor fund transfer ...