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Showing 11 - 20 of 424 results for %22Super consolidation%22

SimCorp names new country manager for Australia

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... the industry landscape." Following APRA's recommendations, the superannuation industry has seen a substantial consolidation, with the number of funds dropping from 389 in 2010 to around 120 today. According to SimCorp, this trend towards fewer, larger ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... superannuation sector underscores most of this year's biggest stories, including the impacts of the Your Future, Your Super performance test, while the departures of some big names also caught readers' attention. That said, just as in years gone ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
Just a month on from taking on GuildSuper, Future Group has now acquired 100% of women-focused fund Verve Super. Verve Super is now a wholly owned subsidiary of Future Super, under a deal finalised this month. Having long struggled to offer a competitive ...

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... considered and continuing strategy focused on creating more transformational shareholder outcomes by capitalising on the consolidation opportunity in the advice and accounting market. Specifically, the combined group comprising Diverger and Count is ...

APAC looks to data-driven future: State Street

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
... asset owners need to draw insights from the data that is managed by outsourced partners," he explained. "For example, our super fund clients still predominately outsource asset management... They've got a number of external managers who are managing ...

BNP Paribas to sharpen efforts down under

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
Having spent more than two decades working with super funds down under, BNP Paribas says it's spending more time focusing on the quality rather than the quantity of its partnerships. Speaking with Financial Standard, BNP Paribas head of institutional ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
Future Super Group is ramping up its growth strategy, entering the default super space with the acquisition of GuildSuper. The deal with GuildSuper will see Future Group add about $2.77 billion in funds under management and 99,000 members. This includes ...

Macquarie breaks into top 50 fund manager list

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
... from 55 the year before," Mao said. "Another factor that saw a drop in AUM among Australian managers is the ongoing consolidation and internalisation happening within superannuation funds. Some managers, regardless of how they performed, lost assets ...

abrdn's Brett Jollie lands new gig

ELIZABETH FRY  |  MONDAY, 23 OCT 2023
... the Financial Services Council for six years. On departing abrdn in July, Jollie said he planned to garner a portfolio of super fund, asset manager and wealth platform clients who are looking for advisor expertise as they sharpen their value proposition. ...

Internal teams gain decision-making power: Frontier

JAMIE WILLIAMSON  |  MONDAY, 23 OCT 2023
... Frontier show the balance of power has steadily shifted. According to Frontier, in 2017 about 52% of fund managers believed a super fund's chief investment officer was the most influential when it came to investment decision making. However, six years ...