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Showing 51 - 60 of 724 results for %22Combined Super Fund%22

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... merger discussions, Active Super and Vision Super have signed a Heads of Agreement and selected the chief executive of the combined fund. The two funds first signed a Memorandum of Understanding in June 2022. Today, they confirmed the merger will go ...

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
CareSuper and Spirit Super have entered into a binding agreement to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... and trade, AFCA said. Further, the firm's inconsistent and misleading information about its policies and practices, combined with a history of regulatory non-compliance and poor cooperation with AFCA, led to the matter being referred to ASIC. CFDs ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... AMP Superannuation, and NM Superannuation - breached the law. However, only AMP Life ($18m) and AMPFP ($6m) will pay a combined penalty of $24 million. AMP Life and AMP Financial Planning admitted that they engaged in unconscionable conduct by deducting ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
EISS Super's 17,000 members have combined with Cbus, which now manages more than $80 billion in retirement savings. The completion of the merger comes about 18 months on from the funds signing a Memorandum of Understanding in December 2021. This followed ...

APAC investors cut PE allocations by 50%

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... S&P Global further revealed private equity transactions accounted for 9% of all first-quarter M&A deals, which had a combined value of US$95.1 billion. By contrast, it said M&A transactions in the region last year sat at US$114.5 billion in the first ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
Two industry superannuation funds have reached a key milestone, signing a Heads of Agreement to form a combined fund that will manage $20 billion. Mine Super and TWUSUPER have progressed in their merger process, which began in December 2022 with the ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... highlighting the need for improved stapling administration, in just 12 months, these members have already incurred a combined cost of $1.6 billion. SCA's O'Halloran also emphasised the need for improved stapling administration, revealing that ...

Super funds back new renewables platform

JAMIE WILLIAMSON  |  TUESDAY, 28 MAR 2023
... generation, storage and transmission," Palisade chief executive Roger Lloyd said. "Palisade's extensive track record combined with the scale of its existing portfolio, positions Intera to take advantage of the intrinsic growth opportunities created by ...

The seven global megatrends to watch: CSIRO

CHLOE WALKER  |  MONDAY, 27 MAR 2023
... four, meanwhile, explores the evolving global landscape and its potential impacts on Australia. Geopolitical tensions, combined with the impact impacts of the pandemic have wreaked havoc across our global supply chains, Naughtin noted. "The most recent ...