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Showing 61 - 70 of 6217 results for "MER"

Lowy family takes stake in Magellan

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
The Lowy family has acquired a 5.1% stake in Magellan Financial Group via its trust Oryxium. Oryxium splashed $79 million across 9.35 million securities in Magellan to become a substantial shareholder. The major stake comes after Magellan announced ...

Mega-funds grow but net cashflows steadily decline

JAMIE WILLIAMSON  |  FRIDAY, 6 MAR 2026
The number of superannuation mega-funds increased to 10 in 2025, with their growth being almost entirely organic as their net cashflows decline. Willis Towers Watson's Super Industry 2026 report shows four more super funds joined the mega-fund club ...

Mercer's OCIO lead set to depart

ELIZABETH FRY  |  THURSDAY, 5 MAR 2026
Mercer Australia is set to lose the head of its OCIO business after more than 17 years with the firm. Mercer partner Craig Hughes is stepping down to take some downtime, with plans to return to the industry in the second half of 2026. "Working within ...

First Super names interim investment lead

ELIZABETH FRY  |  THURSDAY, 5 MAR 2026
First Super has appointed an interim head of investments as it searches for a permanent replacement. Chris Artis, the former chief investment officer of the Meat Industry Employees' Superannuation Fund (MIESF), has joined the industry fund in the ...

GDP rise is 'good news that's actually bad news'

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2026
Australian gross domestic product (GDP) rose 0.8% in the December quarter 2025 and 2.6% compared to a year ago, according to the Australian Bureau of Statistics (ABS). "There was broad based economic growth in the quarter, with rises observed in a large ...

AFCA membership extended for Shield, First Guardian-linked firms

KARREN VERGARA  |  WEDNESDAY, 4 MAR 2026
The Australian Financial Complaints Authority (AFCA) has suspended expelling members in liquidation linked to the collapse of the Shield Master Fund and First Guardian Master Fund. This means United Global Capital (UGC) and Next Generation Advice, which ...

Financial services' gender pay gap improves at 21.4%

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
The financial services sector has again improved its gender pay gap to reach 21.4%, the latest Workplace Gender Equality Agency (WGEA) study finds. Albeit a marginal improvement from last year's 22.2%, the gender pay gap for the sector still rides ...

Life insurer sanctioned for invalid access to customer information

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
The Life Insurance Code Compliance Committee (Life CCC) has sanctioned a life insurer for collecting customers' medical information without valid medical authority for four years. According to the committee, the unnamed insurer collected medical information ...

Magellan to merge with Barrenjoey for $906m

KARREN VERGARA  |  MONDAY, 2 MAR 2026
Magellan Financial Group will take its current 36% ownership in Barrenjoey Capital Partners all the way, inking a deal worth $906 million to merge the two firms. Under the new entity, Brian Benari will become the group chief executive. Sophia Rahmani ...

Victory Capital makes 'best-of-both-worlds' offer for Janus Henderson

RIDDHIMA TALWANI  |  FRIDAY, 27 FEB 2026
Victory Capital, the $323.2 billion NASDAQ listed asset manager, has made another takeover bid for Janus Henderson, providing a higher value offer than Trian Fund Management. Calling it a "best-of-both-worlds" proposal, Victory Capital said Janus Henderson ...