MERGER
Superannuation
The Financial Services Council has welcomed the new legislation but is disappointed the laws also create unnecessary tax compliance burden on Australia’s managed funds....
Financial planning
Two boutique dealer groups, Spark Financial Group and Aura Wealth Australia, have announced they have signed binding agreements to merge. ...
Superannuation
The two funds will undertake a due diligence process to explore a merger that would allow access to a more diverse pool of investments and help lower fees....
Superannuation
The creation of a mega-union based in Queensland has moved a step closer with QSuper and Sunsuper announcing they have entered exclusive due diligence ahead of a merger....
Funds management
Franklin Templeton is to acquire Legg Mason in an all-cash deal for US$4.5 billion ($6.7 billion) to create a combined US $1.5 trillion asset manager....
Funds management
Research and ratings house Zenith has expanded its reach into the superannuation sphere via the acquisition of Chant West....
Financial planning
The two organisations representing planners operating under the AMP umbrella – the AMP Financial Planners Association and the Hillross Advisers Association have merged....
Superannuation
Barely a week after distribution its superannuation heatmaps, the Australian Prudential Regulation Authority is arguing that larger superannuation funds are more sustaina...
Life/Risk
Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...
People & Products
The man who was once chief executive of Sunsuper, Don Luke, has now been appointed as chair of QSuper at the same time it is in merger discussion with Sunsuper....
Superannuation
Senator Jane Hume has sought to dispel myths and excuses trustees have used to avoid merging....
Superannuation
The industry super funds have completed their merger, combining Hostplus’ 1.2 million members and $45 billion funds under management with Club Super’s 22,000 members and ...
Life/Risk
Newly-merged MBS Insurance and Complete Risk Analysis see potential for growth in the life/risk space despite the challenges....
Financial planning
AMP Limited has announced key senior leadership changes which have followed the decision to bring together its banking and Australian wealth management business units int...
Financial planning
The firm looks to ensure all member firms fit into the “CountPlus family photograph”....
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...