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Showing 321 - 330 of 2368 results for "Merger"

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
Qantas Super recently provided an update as to its merger plans, including the appointment of a dedicated committee and an outline of the three key issues forcing its hand. In September, the $8.4 billion fund confirmed it was exploring its options in ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
... Smartsave's Employer Super had $609.4 million in FUM. Superhero Super did not comment on how much the fund managed post-merger. On the changes, Superhero chief executive and co-founder John Winters said they "highlight the company's dedication ...

Payday super protects most vulnerable: SMC

CHLOE WALKER  |  MONDAY, 4 DEC 2023
... reduces unpaid super giving more Australians a dignified retirement." Launched in October, the SMC was formed after the merger of Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST). SMC comprises eight foundation ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... conclusively negotiated and resolved on this front," Wamsteker affixed. In November 2021, Netwealth proposed a $785 million merger with Praemium, offering one new share for every 11.96 Praemium shares, plus a cash consideration. The proposal represented ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... commence with SMC in late February, expressed that it was a great honour to lead the council, which was formed after the merger of Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST). "This is a great responsibility ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
While the local robo-advice industry flounders, Wealthfront has hit a record high of more than US$50 billion ($77bn) in assets under management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
New research commissioned by the Financial Services Council (FSC) highlights the case for a mechanism to support broader "modernisation" of superannuation and managed investment schemes. The report suggests current legislative and tax settings are inconsistent ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... Group Super) have officially transitioned to Australian Retirement Trust (ART), marking the latter's largest corporate merger. The two funds have completed the successor fund transfer, initially agreed to in February this year. They signed a non-binding ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Institutional investor tips $30m into new Mantis offer

CHLOE WALKER  |  THURSDAY, 16 NOV 2023
... infrastructure strategies. It's first investor is an unnamed Australian institution. Mantis said the strategy will be divided into merger arbitrage and convertible bond arbitrage. Magnetar's merger arbitrage strategy was established under the premise ...