MetLife to acquire PineBridge in US$1.2bn deal

PineBridge/MetLife/M&A/

MetLife Investment Management has confirmed it will acquire PineBridge Investments as it looks to accelerate further growth in asset management.

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OCIO firms experiencing ‘perfect storm’ of demand

M&A/Mason-Stevens/outsourcing/CIO/

The acquisition of Mason Stevens by private equity firm Adamantem Capital demonstrates the value of outsourced chief investment solutions to the financial planning arena.

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BlackRock forecasts boom for private debt

blackrock/private-markets/private-debt/private-credit/

Private debt has “plenty of room for growth”, according to global fund manager BlackRock, and will be helped by a number of tailwinds in the next five years.

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Ninety One welcomes alternative credit head

Ninety-One/appointments/funds-management/

The global investment manager has appointed a head of alternative credit to lead the expansion of its emerging market alternative credit platform.

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Leading a successful advice practice in 2025

Assured-Support/financial-advisers/practice-management/

As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.

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AMP sees strong double-digit super returns in CY24

amp/mysuper/bitcoin/

Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.

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Younger generations exhibit caution towards equity markets

KPMG/cash/equities/australian-equities/

KPMG’s analysis has revealed which generation has the highest ownership of shares, with younger generations demonstrating a more cautious approach due to financial stress.

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Insignia Financial receives second takeover bid

insignia/insignia-financial/M&A/private-equity/

Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.

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AFSL deficiencies identified at Sanlam Private Wealth

ASIC/AFSL/breaches/

Sanlam Private Wealth has admitted to breaching its AFSL obligations in areas such as failing to have an adequate number of experienced responsible managers and provided a court enforceable undertaking to ASIC.

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Scale and consolidation to be at the ‘forefront’ in 2025

Ernst-&-Young/wealth-management/asset-management/M&A/scale/

Expanded product ranges fuelled by M&A will be critical for wealth and asset managers to compete in 2025, according to EY’s wealth and asset management leader Rita Da Silva.

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