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Showing 161 - 170 of 2105 results for "Merger"

Financial Advice Association Australia officially launches

KARREN VERGARA  |  MONDAY, 3 APR 2023
The Financial Advice Association Australia (FAAA) today has officially launched, finalising the low-awaited merger between the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA). The FAAA unveiled a new ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... products, as well as Advance Asset Management, entering the big leagues with about $63 billion in assets. The finalised merger brings the total member count for Mercer Super Trust to circa 850,000, it said. The merger has taken almost a year to execute ...

Cbus chief executive steps down

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
Justin Arter is stepping down as chief executive of the $73 billion industry fund in May. Cbus said Arter is retiring from the fund following mergers with Media Super and EISS Super, with the fund now switching its attention to organic growth and member ...

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose. Rainmaker modelling shows that between 2020 and this month, more than 120 listed ...

BT to wind up Retirement Wrap

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2023
... Super. Effective April, all BT Panorama Super members will be transferred to Asgard Independence Plan Division Two. The merger with Mercer is expected to have been completed at the same time. BT Panorama Super will remain, simply under a different RSE. ...

Mergers, performance dim super satisfaction: Survey

KARREN VERGARA  |  FRIDAY, 24 MAR 2023
Members are frustrated with their superannuation funds' performance and the drastic pace of consolidation in the industry, a new survey reveals. Roy Morgan's quarterly gauge of member satisfaction found that super funds were graded a 66.6% rating, down ...

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
With a wave of new members coming into retirement, it's more important than ever for super funds to create dedicated C-suite roles, a panel of executives at the Conference of Major Super Funds urged yesterday. As Aware Super's head of retirement ...

AFA, FPA unveil joint roadshow theme

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... 'Policy, Practice, People - A united pathway for members', and will be the first major event for the group following the merger. The event will travel to 10 cities across Australia and will touch on key changes following the merger, as well as the policy ...

Australian Retirement Trust lines up another merger

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
A $2 billion corporate fund is the super giant's latest merger partner, kicking off due diligence last week. Australian Retirement Trust (ART) has signed a Memorandum of Understanding with Alcoa Super to explore a potential successor fund transfer. ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... their implementation." All shareholders of Credit Suisse will receive one share in UBS for 22.48 shares in Credit Suisse as merger consideration, to a total of $4.8 billion (CHF 3 billion). UBS said it will benefit from 25 billion Swiss francs of downside ...