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Showing 901 - 910 of 17131 results for "Billion"

Potential Insignia takeover edges closer

ELIZA BAVIN  |  TUESDAY, 1 JUL 2025
... in February. The most recent offer from CC Capital was $5 cash per Insignia share, valuing the wealth manager at $3.35 billion, and was an increase from the previous offer of $4.60 per share. Bain Capital initially placed a takeover bid to acquire all ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... down administration fees made possible by economies of scale. Fourteen funds with assets under management (AUM) over $50 billion have an average cost per member of $217. For 14 funds between $10 billion and $50 billion, it was $375 per member. Excluding ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... breakdown of income tax positions of individuals, companies, trusts, super funds and partnerships shows it collected $577.4 billion in total tax revenue in FY23. Some 4.2% came from super funds or $24 billion, while individuals contributed the highest ...

TA Associates invests in Viridian Financial Group

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... Along with my fellow directors, I have no hesitation in supporting this strategic partnership." Viridian as about $16 billion of funds across Viridian Advisory, Infinity Capital Solutions and Smartmove Lending, providing wealth advice, investment solutions ...

Super funds given reprieve from Trump's 'Big Beautiful Bill'

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... investment in the US, which would have been a poor outcome for all involved. "The superannuation sector has around US$450 billion invested in the United States, the single largest market outside of Australia. This is money invested in US infrastructure ...

Brookfield to divest retirement living platform for $3.85bn

MATTHEW WAI  |  FRIDAY, 27 JUN 2025
Brookfield Asset Management is selling its local retirement home operator Aveo to The Living Company for $3.85 billion. Brookfield acquired Aveo in 2019 for about $1.3 billion. Aveo owns more than 10,000 units in metropolitan suburbs across the eastern ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
More than 200 retirement products managing $490 billion in members' retirement savings have come under the watchful eye of prudential regulator APRA for the first time. APRA's latest statistics for the March 2025 period breaks down the state ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... while also reducing fees for most age groups, while other age groups will see costs unchanged. From August 1, the $8.9 billion super fund will also change super and insurance fees to ensure the costs of insurance administration are applied only to members ...

Super moves: PE exec quits Future Fund for ART

ELIZABETH FRY  |  THURSDAY, 26 JUN 2025
... a major player in the global secondaries market. According to its latest portfolio update, Future Fund has around $32 billion in private equity, representing 13.8% of its book. Also, this week, Rest Superannuation has appointed Sam Tissine as general ...

Managed fund inflows jump over 20x: Report

ANDREW MCKEAN  |  THURSDAY, 26 JUN 2025
Managed funds domiciled in Australia received $8.6 billion in inflows from January to May this year, over 20 times the level recorded over the same period last year, according to global funds network Calastone. Calastone said local investors appeared ...