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Showing 471 - 480 of 2365 results for "merger"

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. ...

Hostplus, Maritime Super make merger official

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... assets, the two funds have officially signed a successor fund transfer deed. Expected to take place in September 2023, the merger will see Maritime Super members transferred to Hostplus and all Maritime Super assets - already managed by Hostplus - brought ...

AMP appoints new chief financial officer

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... recently, Fredricson was acting chief executive and chief financial officer of Oil Search Limited where he oversaw the merger with Santos. Prior to this, he was chief financial officer of APA Group. Fredricson has 15 years' experience in financial services ...

AZ NGA buys stake in SCM Financial Group

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
AZ Next Generation Advisory (AZ NGA) has acquired a stake in SCM Financial Group (SCM) following a competitive tender process. SCM's strategic partnership with AZ NGA will enable it to fulfil its key priorities including enhancing the group's service ...