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Showing 891 - 900 of 2369 results for "Merger"

Bad news for BDMs despite industry-wide uptick

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
... professionals," McGilton said. "We have also observed limited redundancy due to structural changes, notably one major super fund merger." Roughly one quarter of the financial services businesses surveyed actually said COVID-19 had no real impact on their ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... of wealth and asset management Linda Elkins said the pressures of COVID-19 would only serve to intensify the increased merger activity of the past year. Elkins pointed out more funds are announcing large-scale mergers in addition to the "more common" ...

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
... many trustees commonly saying it is difficult to comply with the equivalency test that requires both funds to agree the merger will provide transferring members with equivalent rights - those they're entitled to by law - and that it's in their best interests. ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... volatility from COVID-19. It did not provide a new date at the time. In March, Tasplan and MTAA Super, who committed to a merger late last year, moved back the date of the merger from 1 October 2020 to 31 March 2021, citing COVID-19. AMP also delayed ...

Outsourced trading set to boom

ALLY SELBY  |  MONDAY, 25 MAY 2020
As merger activity propels the size of some of the nation's super funds, outsourcing could emerge as the answer to cheaper, quicker and more scalable trading. According to State Street, outsourced trading can help super funds and asset managers ...

Former UBS Wealth exec joins Centrepoint

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... the past decade. "He also brings a track record of delivering successful outcomes for shareholders by driving organic and merger and acquisition-led growth while optimising capital management for businesses across a range of sectors." Glass was previously ...

Active versus passive: The debate continues

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
In the pre-pandemic world, there was a lot of talk around passive investment but now that the markets have taken investors on a rollercoaster ride, are the active managers leaving or just biding their time? GQG Partners chief investment officer Rajiv ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... sub $30 billion funds and some may decide to leave the field altogether." Elkins said regulators would need to identify a merger to compelling funds to merge, should they or the government decide more consolidation is required. However, while most have ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... Services Council chief executive Sally Loane said the parliament had removed a significant barrier to fund mergers. "With many merger and consolidation programs underway across the superannuation industry, it is vital that superannuation funds have certainty ...

South Australian wealth firms merge

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
... individuals. Wotherspoon was Adelaide's first truly independent financial advice firm, according to Perks. As a part of the merger, Simon Wotherspoon will become a director at Perks Private Wealth. "Perks is self-licensed with a client-centric spirit ...