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Showing 781 - 790 of 10513 results for "SET"

TCorp buys Euroclear stake from LSEG

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
TCorp is now a minority owner of financial markets infrastructure company Euroclear. TCorp has acquired a 4.92% stake in the Belgium-based clearing and settlements firm, with the holding valued at about $752 million. The interest was previously held ...

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... announced it is partnering with SS&C Technologies to transform its master trust business as part of its cost-cutting drive that is set to outsource more than 1000 of its employees to the fund administrator. The initial agreement sees SS&C providing technology ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... rest of the financial advice sector to pick up. In our view there are fundamental flaws in the design of the CSLR and we have set out a detailed list of recommendations to address these problems."

MLC Life and Resolution Life Australasia to merge

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
MLC Life Insurance and Resolution Life Australasia are set to merge, creating one of Australia's largest life insurance businesses. Nippon Life Insurance - MLC's parent company - announced it will acquire 100% of Resolution Life. As a result ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
Super Members Council (SMC) has set out its key policy priorities in 2025 to further strengthen the superannuation system. The advocacy group, which represents over 11 million people, has called for no changes to the superannuation system's fundamental ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... position, which revised its calculation of the tax liability emanating from the $2.18 billion transaction. Perpetual is now set to foot between $493 million and $529 million - substantially higher than the initial estimates of between $106 million and ...

Insignia taps SS&C, outsources 1000 workers

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... Insignia Financial has tapped SS&C Technologies to transform its master trust business as part of its cost-cutting drive that is set to outsource more than 1000 of its employees to the fund administrator. The initial agreement sees SS&C providing technology ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
A settlement has been reached in the class action filed in the Federal Court against auditors for SMSFs run by Melissa Caddick. The class action - led by Melbourne-based law firm Mackay Chapman - was filed on behalf of 21 original group members. Just ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... completion of the program does not mean work on enhancing AFCA's service would stop and that it is now focused on its next set of strategic priorities and is committed to ongoing improvement. "AFCA's three-year strategic priorities include a focus on ...