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Showing 211 - 220 of 683 results for "Mergers"

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... product. Some failing funds have already moved to improve member outcomes. Four funds have already announced firm or planned mergers with passing funds, while CFS FirstChoice yesterday announced a fee cut. BOC is merging with Equipsuper, EISS is exploring ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... and the amount of AUM in funds $100 billion or more is up 300%." Previous Rainmaker research indicated that most fund mergers lead to significant fee savings, cutting fees by an average of almost 20%. Most of the mergers that have taken place among NFP ...

80% of instos find sustainability difficult

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... climate change, coupled with reforms like Your Future Your Super and other regulatory and industry pressures like super fund mergers, it's no surprise that more than half of respondents (51%) claim their primary driver to invest sustainably is due to ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... superannuation trustee. Prior to joining MLC in 2019, he held several senior leadership roles at Westpac and BT, including as the mergers and acquisitions lead for a number of divestment initiatives. Lane also spent almost 15 years at Mercer, holding ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... returns from other super products into MySuper returns while combining returns from multiple default products. In cases of mergers, the continuing MySuper product's performance will be used for the test. Earlier this month, APRA told superannuation ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... AustralianSuper, Cbus and Hostplus among the funds the committee will likely call upon. All three funds have been involved in mergers since the government and APRA began applying pressure on the sector. Retail funds will also be included, alongside government ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... O'Sullivan talks to Financial Standard about his eight years at the fund, going public offer and staying away from mergers. O'Sullivan arrived at UniSuper in 2013, after a career that started as a life insurance actuary in his native country ...

Platform FUM grows

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... billion. Elsewhere, Praemium recorded 223.7% growth to $16.9 billion and HUB24 was up 135.7% to $35.6bn a result of their mergers with Powerwrap and Xplore Wealth respectively. Despite the strong growth, the platform industry recorded net outflows of ...

Hostplus delivers 21.3% to members

KARREN VERGARA  |  THURSDAY, 15 JUL 2021
... said Elia. The $68 billion in assets under management has grown nearly 39% year on year. Hostplus is working toward two mergers, which once completed will see membership and assets under management also grow considerably, providing greater scale, capability ...