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GQG raises $145m for first private markets fund

GQG-Partners/Pacific-Current-Group/private-markets/private-credit/

GQG Partners has closed fundraising on its initial private markets fund, having raised $145 million.

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MLC Life to merge with Resolution Life as NAB exits

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MLC Life Insurance and Resolution Life Australasia are to merge, creating a combined firm with the new name of Acenda, while NAB has divested its remaining 20 per cent stake.

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Engaging the next generation in advice

fidelity/intergenerational-wealth/young-clients/

When it comes to engaging younger clients, Fidelity has unpacked potential concerns of this generation when it comes to seeking advice as well as how they prefer to interact with their adviser.

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Insignia agrees to SS&C deal to transform Master Trust

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Insignia Financial has entered into an initial agreement with fund administrator SS&C Technologies to transform its Master Trust business following a strategic review.

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AMP taps Mercer exec for strategic partnerships role

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AMP has appointed a national manager for strategic partnerships, with John Allmey making the move from Mercer Australia.

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Smart beta ETF usage on the rise among advisers

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Financial advisers are demonstrating interest in smart beta ETFs, according to VanEck, who are using it as an alternative to active management.

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HMC Capital hires director to boost wholesale reach

distribution/business-development-manager/private-markets/private-credit/BT/appointments/hires/

Former BT sales executive, Sarah Hegarty, has taken up the role of senior director of wholesale distribution at HMC Capital.

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RBA makes final 2024 rate call

RBA/interest-rates/central-banks/monetary-policy/

The Reserve Bank of Australia has announced its final interest rate decision for 2024 amid stubborn inflation and faltering economic growth.

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Perpetual/KKR deal in doubt amid significant tax liability

Perpetual/KKR/ATO/

The deal between Perpetual and KKR is in doubt after the ATO significantly reduced the estimated cash proceeds for shareholders due to a $488 million primary tax liability.

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Former AMP advice exec steps back as FSCP panel cuts to 24

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Nick Hilton, newly appointed as executive general manager for advice delivery at Entireti following the AMP acquisition, is among seven individuals stepping back from the FSCP as the panel is cut down to 24 members.

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