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| | | ... launched its Australian operations in 2017, providing assistance to private equity firms, asset-based lenders and with mergers and acquisitions. He will provide comprehensive asset valuations to the restructuring/insolvency sector and lending community ... |
| | | | ... to intensify the increased merger activity of the past year. Elkins pointed out more funds are announcing large-scale mergers in addition to the "more common" practice of small funds being absorbed into larger operations. "This demonstrates funds are ... |
| | | | ... it's in their best interests. Carmody advised trustees against taking an overly narrow view of the legislation governing mergers, saying APRA expects trustees to take a pragmatic approach rather than measuring line-by-line that all members are receiving ... |
| | | | ... much. "You have these companies that are asset gathering machines, and that's why you've seen a lot of these large mergers of which I am yet to see a version that's actually worked well," Jain said. "This is a cottage industry, they are supposed ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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." ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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