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Showing 161 - 170 of 2110 results for "merger"

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
Superannuation funds that fail the performance test downplay their results and obfuscate members from understanding critical information, according to the corporate regulator. ASIC has criticised super funds that failed the performance test two years ...

Mercer names strategic relationships lead

CASSANDRA BALDINI  |  WEDNESDAY, 12 APR 2023
... Allmey, based in Sydney, reports to Mercer Pacific head of wealth management Luke Fitzgerald. The appointment follows the merger of BT Super into the Mercer Super Trust and the acquisition of Advance Asset Management. Previously, Allmey spent over six ...

Mercer Super names key executives

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
Following the merger with BT Super, Mercer Super has a new chief investment officer and a personal super and member experience lead. Corrin Collocott has been named chief investment officer, Mercer Super and Multi-Sector. He will also play a deputy ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
The federal government has released the outcomes of its review into the Your Future, Your Super laws, flagging among many findings, that it will "fine-tune" the performance test and extend the performance period to 10 years. Starting with the highly ...

Industry fund tops performance tables

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
... topped the list in January's performance tables. This time it sits in fifth place on 6.7%, followed closely by its merger partner Hostplus on 6.6%. Three-year benchmark indices for MySuper Default Option Index returned 5.3%, Rainmaker Growth Index ...

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. ...