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Showing 41 - 50 of 630 results for "Mergers"

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... executive Sarah Abood said in announcing the association's priorities in 2024. The advice sector was marked by several mergers and acquisitions during 2023. Insignia Financial handed over Millennium3 to ASX-listed WT Financial Group (WTL) with a ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
... that are heavily predisposed to internal investment management will amplify its effects." "Taking account of announced mergers, the biggest five funds held 50% of the market, the biggest 10 held 75% and the biggest 20 held 95%." Those funds with more ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... post-Royal Commission remediation programs which totalled about $800 million. He's also previously held senior roles in mergers and acquisitions with AXA, including the sale of AXA Asia Pacific to AMP and, before that, the integrations of ipac Securities ...

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... super firm strategy over the next three to five years. In most cases, the strategy involved a mix of organic growth and mergers and acquisitions. It cited the recent acquisition of Australian Unity's Financial Advice business by AZ NGA-backed Nestworth ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... ventures having to re-evaluate their risk profile and appetite for growth over profitability," KPMG Australia partner of mergers and acquisitions and head of fintech Daniel Teper said. "Looking ahead, it is reasonable to assume that a few of the above-mentioned ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... investment schemes. The report suggests current legislative and tax settings are inconsistent in that they support the mergers of whole superannuation funds but not the modernisation of products and investment structures within a superannuation fund ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... Australian Retirement Trust, our vision is to be Australia's most chosen and trusted retirement partner, and our recent mergers signal the confidence from corporate Australia in what we offer," ART's chief commercial officer Dave Woodall said. ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
... said the consultation will examine whether current merger rules and processes are fit for purpose, enabling beneficial mergers while addressing those that could be anti-competitive. He said any changes to merger settings would be about delivering more ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... executive Lachlan Baird, who's held the role since 2005 and presided over "considerable change and growth" including mergers with health-based fund HIP and Combined Super, has resigned. Prime Super chair Nigel Alexander lauded Baird's "outstanding ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... "very welcome news," adding that several of her clients with defined benefit pensions in other funds have been impacted by mergers outside their control. She said this is "very sensible" - any fund merger should undergo the necessary treatment to ensure ...