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Showing 471 - 480 of 2368 results for "Merger"

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... due diligence to determine the best outcome for all members and mining and transport operators arising from a prospective merger." It's anticipated that the due diligence process may take several months. "During this period both funds remain committed ...

FPA, AFA merger talks continue

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
The proposed merger between the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) has entered into the second round of member consultation. Recently, members have been invited to complete a survey to help ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... by Athene and Apollo, the completion of this trade resulted in an 18% ownership. Notably, in January, Apollo completed a merger with Athene. As a result of the merger, the combined entity Apollo Global Management, led by chief executive Marc Rowan has ...

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
Growth in fund complexity and managing assets in-house has triggered intensive efforts by pension funds to beef up their operational and support functions. JANA principal consultant and head of operational consulting, Jo Leaper, says there is a growing ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... billion in assets. They came from a mix of sectors and had a combined $1.5 trillion in assets. Funds likely to go through a merger in 2022-23 were excluded. In selecting the trustees for Stage 2 (10 trustees), ASIC used the information gathered in Stage ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... administering superannuation funds." "This is resulting in mergers being actively encouraged between superannuation funds. A merger results in a larger fund, which typically achieves a range of efficiencies that ease the pressure of rising costs upon ...

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
The merger of HESTA and Mercy Super has been finalised, as has that of UniSuper and Australian Catholic Superannuation and Retirement Fund. About 13,000 Mercy Super members and their assets have moved to HESTA, bringing its total funds under management ...

Australian Ethical appoints chief executive, superannuation

ELIZABETH FRY  |  MONDAY, 5 DEC 2022
... Christian Super boss Ross Piper has been appointed chief executive, superannuation at Australian Ethical following the merger between the two funds. Piper, who joins the leadership team, will oversee the firm's superannuation business and operations ...

Corporate super plan seeks merger partner

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
A $2.3 billion corporate super fund has commenced the search for a successor fund following an independent review that found it would struggle to satisfy members' best interests in two years' time. The Alcoa of Australia Retirement Plan has ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... Meanwhile, as previously reported by Financial Standard, last week, Australian Ethical and Christian Super finalised their merger. After the successor fund transfer was completed on November 25, 28,000 new members were added to Australian Ethical Super. ...