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Showing 491 - 500 of 2368 results for "merger"

Spirit Super farewells chair, names successor

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
... and superannuation veteran Maria Wilton. Edwards was Tasplan's chair since 2011, continuing in the role following its merger with MTAA Super. Edwards' long list of achievements at Spirit Super include the successful mergers between Quadrant Super ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... that erode the benefit to members. "One of the best ways for trustees to improve outcomes for their members is through a merger that delivers the benefits of increased scale, or by transferring them to a better performing fund," Cole said. "The transfer ...

Life after legalsuper: Proebstl

ELIZABETH FRY  |  FRIDAY, 11 NOV 2022
... director roles. While the industry remains fixated on consolidation - CareSuper and Spirit Super are the latest to flag a merger - Proebstl says there are only so many mergers left to do. "Over the years, funds have used mergers to increase their scale. ...

Perpetual, Pendal deal on shaky ground

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... capitalisation had dropped to a mere $1.4 billion," Datt Capital chief investment officer Emanuel Datt said. "The proposed PPT/PDL merger will destroy the embedded, latent value within the existing PPT business, and we urge the board to consider and ...

CareSuper flags merger with Spirit Super

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
... CareSuper and Spirit Super have entered a preliminary non-binding Memorandum of Understanding (MoU) to explore a possible merger. Under the proposed deal, CareSuper and Spirit Super would combine to create a fund with over 500,000 members, and over $45 ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... operating loss of $273,135, an improvement of $94,655 from last year's result, as it gears up for the vote on its proposed merger with the Financial Planning Association of Australia (FPA). Total revenue was down 2% on last year to $3 million, and ...

Proebstl to leave legalsuper

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
... July as chief operating officer. He was previously head of operations at Australian Retirement Trust, having joined in the merger of QSuper and Sunsuper. He was at Sunsuper for almost 15 years, including as executive general manager, customer engagem ...

Equipsuper investment chief on re-energising his team

ELIZABETH FRY  |  MONDAY, 7 NOV 2022
... capital. How is this for a $30 billion fund? Is that a perfect size, or are you planning to grow organically or through a merger? We certainly believe that, as a $30 billion fund, we are big enough to leverage the economies of scale that can be generated ...

Australian Retirement Trust names State Street as custodian

JAMIE WILLIAMSON  |  MONDAY, 7 NOV 2022
... updated May 18 lists State Street as the service provider. Northern Trust was QSuper's custodian and was retained in the merger with Sunsuper last year. Interestingly, Northern Trust replaced State Street as QSuper's custodian in 2018, taking over the ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... financial planning students, and helping them through the new Professional Year," she said. The FPA is currently exploring a merger with the Association of Financial Advisers.