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Showing 61 - 70 of 3446 results for "Stake"

Treasury proposes advice education standard reforms

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
Treasury is proposing to overhaul the curriculum and learning outcomes for new entrants in financial advice, admitting that current requirements are "excessive compared to other professions". The new consultation proposes the pathway to becoming a financial ...

Clime offloads advice business, keeps 10% stake

KARREN VERGARA  |  MONDAY, 16 MAR 2026
Clime Investment Management is offloading its financial advice unit for $6.5 million to an unnamed group but will retain a 10% interest in the newly combined business. Clime Advice, which has $2 billion in funds under advice (FUA), will continue to ...

Janus Henderson says Victory deal could leave it 'gravely damaged'

RIDDHIMA TALWANI  |  FRIDAY, 13 MAR 2026
Janus Henderson has said the takeover bid by Victory Capital is not a superior proposal to the Trian Fund Management offer and will not be in the best interest of its shareholders. Stating the offer by Victory Capital presented significant consummation ...

AFCA expands scam-related complaints, publication rules

KARREN VERGARA  |  FRIDAY, 13 MAR 2026
Expanding its jurisdiction, the Australian Financial Complaints Authority (AFCA) will now publish the names of financial firms that do not meet determinations and investigate scam-related complaints involving receiving banks. AFCA now can publicise ...

Dexus strengthens infrastructure push with new hire

ELIZABETH FRY  |  THURSDAY, 12 MAR 2026
Dexus has bolstered its real assets platform with a new senior investment hire. The group has appointed Sally Box to the newly created role of head of growth market funds, with day-to-day responsibility for the Dexus Community Infrastructure Fund. As ...

Prime Super picks new asset consultant

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2026
Prime Super has ended its long-standing relationship with PATRIZIA, appointing a new asset consultant in its place. Frontier Advisors will take over as Prime Super's asset consultant on June 1. PATRIZIA had served as the fund's asset consultant for ...

Division 296 legislation passes, LISTO to increase

MATTHEW WAI  |  WEDNESDAY, 11 MAR 2026
The controversial Division 296 superannuation tax has passed through both houses and will take effect from July 1, alongside changes to the Low-Income Superannuation Tax Offset. Treasurer Jim Chalmers announced the passage of the Treasury Laws Amendment ...

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 ...

TCorp appoints financial markets manager

ELIZABETH FRY  |  THURSDAY, 5 MAR 2026
TCorp has confirmed Gavin Sinnott as general manager, financial markets, effective immediately. Sinnott has been acting in the role since December 2025, having previously served as head of balance sheet for three and a half years. In the permanent role ...

First Super names interim investment lead

ELIZABETH FRY  |  THURSDAY, 5 MAR 2026
... Advisors. Frontier recently launched an independent chief investment officer business with First Super swapping its 5.6% stake in the asset manager for Cbus Super's 23.6% holding. These leadership changes come as First Super settles in a new deputy ...