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| | | Ethical superannuation fund Future Super has appointed a chief operating officer from Club Plus Super. David Barton was hired in the newly created position in December, wrapping up a similar role at Club Plus where he spent more than four years. Barton's ... |
| | | | Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ... |
| | | | AMP's private markets business, PrivateMarketsCo, has agreed to sell its infrastructure debt platform to Ares for $428 million. The agreement follows a strategic move from PrivateMarketsCo to focus on managing equity investments in real estate and infrastructure ... |
| | | | WAM Capital will acquire two other listed investment companies in a bid to take its market capitalisation to $2.3 billion. Westoz Investment Company (ASX: WIC) and Ozgrowth (ASX: OZG) have entered into an agreement with WAM to merge under separate transactions. ... |
| | | | James Mawhinney's Mayfair 101 Group has been ordered to pay a combined penalty of $30 million for misleading advertising. In handing down the decision, Justice Anderson said the increased penalties were appropriate, noting that those sought by ASIC ... |
| | | | Environmentally friendly super fund Future Super has acquired Aon's superannuation business, best known for its smartMonday brand. The fund acquired Aon Solutions, which provides investment consulting and administration and encompasses the smartMonday ... |
| | | | The long-awaited Corporate Collective Investment Vehicle regime draft regulation has been released, with consultation to be held until 21 January 2022. Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures ... |
| | | | Property giant Charter Hall has entered into a binding agreement to acquire 50% of Paradice Investment Management. The 50% stake was worth $207 million to Charter Hall, with Paradice shareholders to receive 70% of that in Charter Hall shares and 30% ... |
| | | | Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ... |
| | | | A UK pension scheme and UBS Asset Management have called time on investments in five energy companies that are not working towards a low carbon economy. Nest and UBS AM have sold shares in Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets ... |
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