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Showing 701 - 710 of 2988 results for "ARRA"

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
Sunsuper and QSuper will merge later this year, with the two funds naming the key executives and board directors to lead the $200 billion entity. The two funds have signed a Heads of Agreement to merge by September this year, a decision that is supported ...

Future Fund buys into renewables

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's sovereign wealth fund will acquire Tilt Renewables under a scheme of arrangement as part of a consortium. Under the acquisition deal, New Zealand energy company Mercury NZ will acquire the assets while Powering Australian Renewables (PowAR) ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
Lawyers for Commonwealth Bank (CBA) and Colonial First State (CFS) in its ongoing case against ASIC have told the court the parties have no intention of admitting to any contraventions in relation to Essential Super and an alleged $22 million in conflicted ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

AMP Capital severs ties with global equities unit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
AMP Capital will offload its $653 million global equities capability to a Canadian fund manager for an undisclosed figure. Montreal-based Fiera Capital has agreed to acquire the four-year-old strategy available to investors in the UK, via a UCITS platform ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Mainstream has announced it entered a scheme of implementation deed with Vistra to acquire 100% of the company for an implied value of $170 million. The offer of $1.20 per share represents a 300% increase over Mainstream's share price at IPO in October ...

Aware Super, Macquarie to acquire Vocus

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Vocus Group is set to be acquired by Aware Super and Macquarie Infrastructure and Real Assets (MIRA), with Vocus confirming it has entered a $4.5 billion agreement with the consortium. The Vocus board has unanimously recommended shareholders accept ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
A senator has argued that super funds should not be able to take short positions or participate in securities lending to short sellers. Queensland Liberal National Party Senator Gerard Rennick delivered an impassioned speech during the Senate debate ...