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Showing 11 - 20 of 2088 results for "Merger"

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners after an independent review by KPMG found it would struggle to satisfy members' best interests by 2025. In March ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
Coastal Advice Group (CAG) has continued its expansion plans by announcing it has merged with Port Macquarie financial advice firm Compass Financial Management. This comes after CAG also acquired both RI Advice Brighton and Wealth for Life Financial ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... entities already own close to 16%. It was expected to involve exchanging one WAM Leaders share for every 1.46 QVE shares. The merger would result in a single investment company with a market capitalisation of $2 billion and 30,000 shareholders. WAM Leaders' ...

Growthpoint recruits new chief executive

ANDREW MCKEAN  |  WEDNESDAY, 6 MAR 2024
Growthpoint Properties (ASX: GOZ) has named Centuria Capital executive Ross Lees as its new chief executive and managing director, effective July 1. Lees succeeds Timothy Collyer, who announced his retirement last July after serving more than 13 years. ...

Aware Super appoints member strategy lead

KARREN VERGARA  |  TUESDAY, 5 MAR 2024
The $170 billion Aware Super has appointed a new lead for member strategy who previously worked at AustralianSuper. Chris Cramond took on the newly created role of head of member strategy on March 4, overseeing member experience, data and insights ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... led the default retirement products with returns of 9.6% and 7.2% over one and three years, respectively. Following its merger with Mine Super, expected to complete by mid-2024, TWUSUPER will rebrand as Team Super. Brighter Super also stood out, securing ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
Assistant treasurer and minister for financial services Stephen Jones has issued life insurance regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
ANZ has had a significant legal win on appeal, with its proposed $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT) ...

Count posts positive results ahead of Diverger takeover

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... has been further boosted by its Affinia transaction in May 2023, the integration of which is progressing. Ahead of the merger, Count has $17.9 billion in funds under advice. With Diverger, this will grow to $30 billion. In February, the group acquired ...