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Showing 1 - 10 of 6278 results for "MER"

Superannuation assets inch to nearly $4.8tn

KARREN VERGARA  |  TUESDAY, 1 SEP 2026
Total superannuation assets hit nearly $4.8 trillion in the last financial year, marking a 9% rise, namely driven by the rise of industry funds. APRA's newly released statistics for the year ending June 30 showed Australians' retirement savings ...

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise. Hejaz Islamic Super had 2600 members and more than $98 million in ...

Kaplan winds up pooled super trust

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Kaplan Funds Management has shuttered its $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA. As trustee, Diversa Trustees told investors the move reflects the rising costs and compliance obligations ...

MFG profit falls 47% as Barrenjoey lifts combined earnings

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Magellan Financial Group's (MFG) statutory net profit has fallen 47% to $88 million in FY26, despite stronger earnings from Barrenjoey helping lift the combined group's operating profit. MFG reported a 9% decline in operating profit after tax ...

Australian Unity names chief of staff, marketing lead

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
Australian Unity made two new senior hires, one of whom is the chief of staff while the other will lead the customer and marketing division. Antony Strong is the new chief of staff as well as general manager for strategy and alignment. Strong worked ...

Phil Anderson to retire at the upcoming FAAA Congress

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
The industry stalwart is closing the curtains on a stellar career in the financial services industry at the conclusion of the upcoming FAAA Congress in Melbourne. FAAA general manager, policy, advocacy and standards Phil Anderson will retire on November ...

Super business drives net inflows for Australian Ethical

KARREN VERGARA  |  TUESDAY, 25 AUG 2026
Australian Ethical's superannuation offering brought in $527 million of organic inflows in the last financial year despite being hit with additional licence conditions from APRA that it is currently working through. The influx of increasing superannuation ...

Zurich completes ClearView takeover

VINNY VUCAGO  |  FRIDAY, 21 AUG 2026
Zurich Financial Services Australia has completed its acquisition of ClearView Wealth, with the insurer now the registered holder of all ClearView shares. The scheme of arrangement was approved by ClearView shareholders on 27 July 2026 and by the Supreme ...

Treasury consults on foreign investment framework reforms

RIDDHIMA TALWANI  |  WEDNESDAY, 19 AUG 2026
Treasury has opened a consultation to review existing conditions required for foreign investment approvals in Australia. It said while these conditions play an important role in protecting Australia's national interest, it is important to ensure they ...

L1 Group profit jumps 97%, raises post-merger synergy target

RIDDHIMA TALWANI  |  MONDAY, 17 AUG 2026
L1 Group has reported an underlying profit of $189 million for the financial year 2026, up 97% from the previous year. Funds Under Management (FUM) jumped 17% to $19.1 billion as of June 30. The board declared a final dividend of two cents per share ...
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