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Showing 21 - 30 of 471 results for "Latter"

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... had just 125 members. In May, Mercer confirmed it would take on the Holden Employees Superannuation Fund (HESF) after the latter flagged cost pressures associated with its diminishing size. It had about 1700 members and $300 million in funds under management. ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... the trustees of the SMSF that sued NextGen for not paying the determination, has applied for it to be wound up after the latter failed to pay more than $270,000 it is owed. The Federal Court hearing is set for October 3 in Melbourne, according to an ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... July. The Bank's internal forecasts now anticipate only a marginal uptick in GDP for Q3 2023. Underlying growth for the latter half of the year is also expected to fall short of estimates. The Committee also observed "further signs of a loosening in ...

Most Australian actively managed funds lag the index

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... funds failed to outperform the benchmark over a 15-year period. "The turnaround in Australian large-cap equities from the latter half of 2022 continued in the first half of 2023, with the S&P/ASX 200 up 4.5%. Materials and Industrials were the top sectoral ...

Willis Towers Watson buys funds from advice group

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
Willis Towers Watson acquired two managed investment schemes from Profile Financial Services, as the latter looks to focus its efforts on financial advice. The two multi-asset, multi-manager unitised schemes have been operated by Profile since their ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... its financial advice business for $15.2 million to Centrepoint Alliance in 2021, in turn for a 25% shareholding in the latter. Centrepoint also took over ClearView subsidiaries ClearView Financial Advice (CFA), Matrix Planning Solutions and LaVista Licensee ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... Westpac has undertaken cost reset actions, resulting in a full-time equivalent employee reduction of approximately 2% in the latter half of 2023. This aligns with the bank's anticipation of notable items, including one-off expenses tied to the cost ...

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
Centric Super is set to merge with encircle Super following the latter's trustee, Avanteos Investments, announcing the fund's closure. In a parallel development, Colonial First State Investments is also stepping down as the operator of encircle's managed ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... group in opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders as not representing ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... Lifecyle MySuper is working for members as intended." Meanwhile, AMP's MySuper 1980s and 1990s investment options, the latter of which is the largest AMP superannuation product by total membership (111,774), achieved returns of 9.4% and 9.7% respectively ...