Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 921 - 930 of 1509 results for Andrew McKean

Geoff Lloyd to chair Stake

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Former Perpetual and MLC chief executive Geoff Lloyd has been appointed as chair of Stake. In October 2020, after a two-year tenure at the helm of MLC, Lloyd departed following the company's agreement to be acquired by IOOF. This period also marked ...

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
CareSuper and Spirit Super have entered into a binding agreement to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper ...

Link Group acquires Allens' company secretarial business

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
Link Group will expand its corporate governance offering through the acquisition of Allens' company secretarial business. Link's company secretarial service is the largest in Australia, but it said the deal will usher in a "significant" new ...

Family offices ignoring $3.5tn time bomb: KPMG

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
Echoing similar findings by UBS, KPMG has found that of the estimated 70% of Australian businesses that are family-run, only 30% have an established succession plan. This comes into focus with a $3.5 trillion intergenerational wealth transfer expected ...

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... for money to the fund's members as well as the general appropriateness of these payments. In questioning Cole, Senator Andrew Bragg alluded to a specific instance involving a $2.5 million payment form a "relatively small" super fund to the CFMEU. However ...

Nanuk launches currency hedged unit class

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
Nanuk Asset Management has added a currency hedged unit class to the Nanuk New World Fund to provide a safety net against the impact of currency fluctuations on investment returns. Nanuk head of distribution Dan Powell said: "Over the past 12 months ...

Active fund outperformance mostly short-lived: SPIVA

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
The S&P Indices Versus Active (SPIVA) Persistence Scorecard has shown a staggering number of Australian actively managed funds failed to outperform over five consecutive years. According to the report, nearly no actively managed equity, A-REIT and fixed ...

Dutch pension giants back $1.5bn local BTR deal

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Scape Australia, a residential-for-rent owner and operator, has teamed with Dutch heavyweights APG Asset Management and fund manager Bouwinvest, to develop and acquire assets in Australia's burgeoning build-to-rent sector. The partnership, subject ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
JPMorgan has filed a trademark for an AI-powered investment advisory tool, IndexGPT. It's envisioned IndexGPT will harness the power of "cloud computing software using artificial intelligence" to analyse and select securities that are tailored to ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...