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Showing 1 - 10 of 2108 results for "Merger"

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
Practice management, advice technology, and superannuation are top of mind for financial advisers who want to improve their aptitude and knowledge, according to professional networking platform Ensombl. The analysis of adviser conversations stemming ...

Funds SA chief investment officer exits

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... investment team, coming across from AustralianSuper where he was an investment manager, a role he took on following its merger with AGEST Super. He's also previously held senior roles with Warakirri Asset Management and Equip Super. In a statement, Funds ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back. In a joint statement, the super funds announced that their merger to form TEAM Super has been rescheduled from early 2024 to early 2025. ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
The Nissan Superannuation Plan will be wound up on July 31, almost 50 years on from its creation. The Nissan Superannuation Plan was created in 1977 to house the retirement savings of the car manufacturer's employees. It's existed in its current form ...

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry. Craig Stevens joined Aware Super this week in the role, coming across from Vanguard Australia where ...

Active Super, Vision Super finally sign transfer deed

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
Almost two years on from confirming merger talks, the two super funds have set a date for the successor fund transfer. Active Super will merge into Vision Super on 1 March 2025, following the signing of a successor fund transfer deed. It was initially ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
ASIC commissioner Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... the transaction and separation costs to be contained within 10-20% of the deal value - as with past asset management and merger acquisitions - tax implications are uncertain, seemingly even to the Perpetual board and management," Ler said. If the deal ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Australian Retirement Trust (ART) has completed its merger with AvSuper after the two super funds formalised negotiations in February 2023. The $280 billion industry superannuation giant has gained 4800 new members and added $2.43 billion in funds under ...

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
TelstraSuper is searching for a merger partner, after its board concluded that size and scale are "increasingly important" to serving members' best financial interests. "The TelstraSuper Board see this as an exciting opportunity for members as we ...
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