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Showing 421 - 430 of 2362 results for "merger"

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose. Rainmaker modelling shows that between 2020 and this month, more than 120 listed ...

BT to wind up Retirement Wrap

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2023
... Super. Effective April, all BT Panorama Super members will be transferred to Asgard Independence Plan Division Two. The merger with Mercer is expected to have been completed at the same time. BT Panorama Super will remain, simply under a different RSE. ...

Mergers, performance dim super satisfaction: Survey

KARREN VERGARA  |  FRIDAY, 24 MAR 2023
Members are frustrated with their superannuation funds' performance and the drastic pace of consolidation in the industry, a new survey reveals. Roy Morgan's quarterly gauge of member satisfaction found that super funds were graded a 66.6% rating, down ...

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
With a wave of new members coming into retirement, it's more important than ever for super funds to create dedicated C-suite roles, a panel of executives at the Conference of Major Super Funds urged yesterday. As Aware Super's head of retirement ...

AFA, FPA unveil joint roadshow theme

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... 'Policy, Practice, People - A united pathway for members', and will be the first major event for the group following the merger. The event will travel to 10 cities across Australia and will touch on key changes following the merger, as well as the policy ...

Australian Retirement Trust lines up another merger

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
A $2 billion corporate fund is the super giant's latest merger partner, kicking off due diligence last week. Australian Retirement Trust (ART) has signed a Memorandum of Understanding with Alcoa Super to explore a potential successor fund transfer. ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... their implementation." All shareholders of Credit Suisse will receive one share in UBS for 22.48 shares in Credit Suisse as merger consideration, to a total of $4.8 billion (CHF 3 billion). UBS said it will benefit from 25 billion Swiss francs of downside ...

Spirit Super appoints deputy chief investment officer

ELIZABETH FRY, JAMIE WILLIAMSON  |  FRIDAY, 17 MAR 2023
... Commenting on his appointment, Naylor said it's an exciting time for Spirit Super as it looks to undertake another merger, this time with CareSuper. "Leaving Frontier was a hard, hard decision to make because I've really loved my time there ...

Barings takes over Gryphon Capital

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
... assets under management (AUM) will combine with Barings Global Structured Finance's $12.3 billion AUM, as well as a merger between the two teams. Gryphon co-founder and portfolio manager Steven Fleming, as well as its chief investment officer Ashley ...

FPA policy and advocacy lead steps down

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... for the soon-to-merge association, in addition to overseeing the transition. "A permanent decision will be made once the merger is finalised," the FPA said. "We thank Ben for his dedicated work on behalf of the FPA's members over the past seven years ...