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| | | Washington H Soul Pattinson will pay about $4 billion for a scrip merger with LIC Milton Corporation, as it chases liquidity for new acquisitions and better index participation. Milton Corporation (MLT) is an Aussie equities listed investment company ... |
| | | | Industry bodies have varied responses to the passing of the Your Future, Your Super reforms with some saying it will lead to worse outcomes for members. The Your Future, Your Super reforms were passed in the Senate yesterday with an amendment that will ... |
| | | | The Treasury Laws Amendment (More Flexible Superannuation) Bill was debated in the Senate today, with an amendment suggested by Senator Pauline Hanson. Hanson and her One Nation colleagues circulated an amendment that would see people over the age of ... |
| | | | ... work because their employer closed or lost business due to the pandemic" is "down from 9.4 million in the previous month". Yes Virginia, there were less Americans unable to work in May than there were in April. This is in addition to disincentivised ... |
| | | | IOOF completed its acquisition of MLC Wealth from National Australia Bank yesterday, adding 406 financial advisers to IOOF and making key appointments. Nine months after announcing the deal, IOOF has integrated MLC Wealth in a move that has also doubled ... |
| | | | The sovereign wealth fund is looking to add 70 people to its investment team, with the specific skill sets of identifying good external managers. Appearing at senate hearings yesterday Future Fund chief executive Raphael Arndt and chief investment officer ... |
| | | | The rise of ethically minded financial advisers has reached the point where clients have been sacked because they do not align with their values. This is according to Zurich risk strategy specialist Adam Crabbe, who is seeing a shift in the emergence ... |
| | | | ... management," Jones said of the BFID. "There should be materiality test. I actually don't see a need for reverse onus. Yes, funds should be operating in the best interests of their members, which courts have always interpreted as the best financial ... |
| | | | ... and recreation --making Hostplus a beneficiary of the government's proposed stapling changes. "Will it benefit Hostplus? Yes," Ellia said. "Is it the right thing? That is a completely different debate." The chief executives of UniSuper, Hostplus ... |
| | | | ... putting that extra amount into their superannuation account by way of voluntary contributions, this measure is just for show. Yes, it might have frightened a few left-wing commentators on social media last weekend, but that was likely because they didn't ... |
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