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Showing 811 - 820 of 17127 results for "Billion"

Perpetual Corporate Trust acquires IAM's term deposit broking business

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... Corporate Trust (PCT) has acquired Income Asset Management's (IAM) term deposit broking business, which has nearly $1.6 billion in client funds. Given that Perpetual's subsidiary has more than $8 billion in deposit and fixed income funds under ...

Betashares adds global bond ETF to lineup

MATTHEW WAI  |  FRIDAY, 1 AUG 2025
... rate-easing cycle, resulting in more interest in cash and fixed income ETFs with net flows reaching close to nearly $10 billion over the past financial year. Betashares believes investor interest in fixed income will continue to grow. Betashares chief ...

Aware Super, TelstraSuper explore merger

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... the two superannuation funds. The proposed merger would create a combined profit-to-member fund with approximately $228 billion in funds under management and serve over 1.3 million members. Both organisations are undertaking a comprehensive due diligence ...

Productivity Commission recommends corporate tax cut

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
A new Productivity Commission (PC) proposal suggests slashing Australia's company tax rate would boost GDP by $14 billion with no net cost to the Budget over the medium term. Draft recommendations in its interim report, Creating a more dynamic and resilient ...

Australian investment in venture capital lags: SMC

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... Increasing Australia's investment in private equity from the current level of 6% to 10% of super savings could see $50 billion flow to startups and other innovative private companies and boost returns. SMC chief executive Misha Schubert said Australia's ...

HESTA calls for reforms to help women in retirement

ELIZA BAVIN  |  FRIDAY, 1 AUG 2025
... Commonwealth Paid Parental Leave, which HESTA said helped address the fact that Australian mums have missed out on well over $3 billion in super savings at retirement. While welcoming the early impact of the reforms, Blakey said there were more opportunities ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... the major investors in FNZ. "Between May 2024 and April 2025, the board undertook three equity raises totalling US$1.5 billion through the issuance of preference shares with 100% - 200% returns, effectively diluting employee shareholders by US$4.5 billion," ...

Orbis Investments recruits top marketing executive

MICHELLE BALTAZAR  |  THURSDAY, 31 JUL 2025
With fresh ambitions to grow its advised retail investor base, $72 billion fund manager Orbis Investments appoints a highly-credentialed marketing executive to its fold. Sarah Bunning, who just last month was the marketing director at Capital Group ...

CareSuper, MIESF schedule merger for October

JAMIE WILLIAMSON  |  THURSDAY, 31 JUL 2025
... the way and deliver real value and care." The merger will result in CareSuper having more than 600,000 members and $60 billion in funds under management. By members, it will be the 12 th largest fund in Australia. "... this continues to highlight the ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to $1 billion in losses. In his address at the Financial Services Council's (FSC) Shaping advice in a time of change event yesterday ...