Financial Standard
Most influential financial advisers revealed in FS Power50. Financial Standard has recognised the most influential financial advisers in Australia in its annual FS Power50 list. Higher global inflation and the knock-on effect from President-elect Donald Trump's proposed trade tariffs are causing concern for Australian investors.
Link Group rebrands as acquisition completes - Financial Standard
May 17, 2024 · Link Group rebrands as acquisition completes. Link Group will now be known as MUFG Pension and Market Services, following the implementation of the scheme of arrangement with Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of Mitsubishi UFJ Financial Group. The business comprises two divisions, MUFG Corporate Markets and MUFG ...
Best default super funds revealed | Financial Standard
Mar 4, 2024 · League tables show Vanguard Super's default lifecycle investment option bested competitors for the year ending 31 January 2024. According to Rainmaker Information, the Vanguard Super SaveSmart - Lifecycle Age 47 and under investment option posted an 11.8% return for the period ending January 31. This comes as Vanguard Super announced it had ...
ANZ to pay $57.5m to settle class action - Financial Standard
Mar 25, 2024 · The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval.
Meat industry super fund rebrands | Financial Standard
Oct 9, 2023 · Australian Food Super chief executive Murray Rutherford said the super fund, which has its heritage in the meat industry, is broadening its potential member base by rebranding under a new name and logo. The meat industry, however, still remains a large part of its focus. "As Australian Food Super, we will continue to support our members from ...
Australian Catholic Super, UniSuper sign SFT deed
Jul 5, 2022 · BY JAMIE WILLIAMSON | TUESDAY, 5 JUL 2022 12:37PM. Australian Catholic Superannuation and Retirement Fund and UniSuper will merge before the end of the year. The two funds have now signed a Successor Fund Transfer deed. This follows the Heads of Agreement they signed in May, formally confirming the …
Federal Court approves BT Super $30m settlement
Dec 12, 2023 · The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in …
eToro acquires Spaceship, sets sights on super sector
Sep 27, 2024 · eToro has agreed to acquire Spaceship, expanding its local business and suite of offerings. The Spaceship name and brand will remain in place. Under the deal, eToro will take over ownership of Spaceship Super, which merged to become a sub-plan of OneSuper earlier this year. In all, Spaceship is home to about $1.5 billion in funds under management.
ANZ to pay $42m in insurance lawsuit | Financial Standard
Nov 14, 2022 · Slater and Gordon filed the class action against ANZ, OnePath Life, OnePath General Insurance, and QBE Insurance in 2020. A spokesperson from the law firm confirmed ANZ and its insurers will pay $42 million while QBE Insurance will pay $5 million. The bank's contribution is covered by a provision held on 30 September 2022, and the settlement is ...
AustralianSuper takes monster hit on Pluralsight
Aug 27, 2024 · AustralianSuper takes monster hit on Pluralsight. AustralianSuper has written off its $1.1 billion investment in online education firm Pluralsight, following the company's restructuring. The superannuation giant invested in Pluralsight in 2021, as a co-underwriter with Vista Equity Partners, which led and managed the deal.