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Equip Super, TelstraSuper terminate merger plans

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
... Memorandum of Understanding had been signed. It was to be a "merger of equals" which would have created a $60 billion fund, home to more than 225,000 members. However, TelstraSuper said it has become evident it could not proceed. "Bringing together two ...

Bangarra Group awards real estate mandate

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Family office Bangarra Group has appointed a real estate fund manager to help it build more than 3000 homes in the UK, of which one third will be dedicated to affordable housing. London-based Fairway Capital has won the investment adviser and manager ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Treasurer Jim Chalmers is remaining steadfast that the Labor government will legislate the 30% tax rate on superannuation balances over $3 million. "We've made that clear that we haven't changed our policy. We announced that policy more than ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
Daniel Mulino is the new minister for financial services and assistant treasurer. Mulino was named in the position by Prime Minister Anthony Albanese yesterday. He brings a great deal of relevant experience to the portfolio. With an extensive background ...

Australian private capital sector totals $139bn: Report

MATTHEW WAI  |  THURSDAY, 8 MAY 2025
... However, the report found that investors from both Australia and New Zealand, as well as Asia are shifting their investments to home, as the Australia-domiciled funds continue to "evolve". "Investors from ANZ continued to make up the majority of investors ...

Global economic uncertainty the main priority: Chalmers

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
Freshly re-elected Federal Treasurer Jim Chalmers said the "immediate focus" of the government is tackling global economic uncertainty because of US President Donald Trump's tariffs. Speaking with the ABC after the election win, Chalmers said he is ...

Work from home saves employees $5308

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
Australians who have worked from home since the COVID-19 pandemic have cut their commutes by around three hours a week, equivalent to a time saving worth an estimated $5308 a year based on average wages, new research by the Committee for Economic Development ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... superannuation platform across multiple brands, these transfers demonstrate that we are a favoured destination for funds looking for a home for their super and insurance offerings and ensure members are well served," Future Group chief executive Simon ...

Corporate fund selects Mercer Super for SFT

JAMIE WILLIAMSON  |  TUESDAY, 22 APR 2025
... has 1690 member accounts, about 720 of which are active. The median account balance is about $200,000. The fund was also home to 32 defined benefit members with a lifetime pension entitlement. They have all already been transferred to the Challenger ...

Macquarie divests North America, Europe asset management units to Nomura

KARREN VERGARA  |  TUESDAY, 22 APR 2025
... insurance channel and the remaining 15% are institutional. MAM said it will retain its public investments business in its home market of Australia where it will continue to operate and invest in a full-service asset management business across public ...