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

Search Results

Showing 281 - 290 of 685 results for "Mergers"

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... performing strongly. "We predict increased regulatory pressure on funds to meet the needs of their members and increasing mergers at the larger end of the market, with a small number of 'mega funds' competing for the capabilities to deliver to these ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... passage, Financial Services Council chief executive Sally Loane said the parliament had removed a significant barrier to fund mergers. "With many merger and consolidation programs underway across the superannuation industry, it is vital that superannuation ...

Darwinian time for super

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... superannuation funds will survive, according to Hostplus' Paul Watson. Appearing as part of a virtual panel discussing mergers in super, Hostplus group executive member experience Paul Watson described the current period facing Australia's superannuation ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... Forbes said. "We've got a whole lot of much, much smaller boutique style funds and there's no doubt that these mergers have created operational efficiencies. It's too hard for small funds to handle a lot of this constant legislative change." ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... reforms, APRA has a number of tools at its disposal to deal with superannuation funds, including the ability to direct mergers, which could be used where a fund is unable to meet the needs of members." Funds being "directed" to merge is not off the table ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... we're ready," he said. Separately, Elia also responded to Senator Jane Hume's recent comments around super fund mergers, criticising funds that merge with other like funds. "Failure to diversify fund membership can be as dangerous as failure ...

Super fighting a war on three fronts: KPMG

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... what's the likelihood of that?'" He said questions recently raised by Senator Jane Hume into the risk implications of mergers between industry funds with similar membership cohorts are probably appropriate, though said KPMG doesn't take a particular ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has denounced mergers between super funds with similar membership bases, saying concentrated memberships can make funds weak and smaller funds should look to emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR ...

Industry funds a bright spot for advisers

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
... steady pace, and I think that will continue," he said. Gordon suggested that as industry funds continue to grow through mergers the advice services their diverse member base might require are likely to expand. "There seems to be a high level of trust ...

Long-time IOOF director steps down

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
... years and has been an outstanding contributor to driving IOOF's significant growth through both organic initiatives and mergers and acquisitions, as well as driving ongoing enhancements to governance structures and approaches," an IOOF statement read. ...