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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for FY2024–25, driven by a recovery in ...
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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

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Diversified portfolios deliver for industry funds as markets flourish

Another strong year for equities, both domestic and global, has driven largely positive returns for these industry super ...

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VanEck warns of looming US asset unwind as key risk signals flash red

VanEck has signalled an impending major unwinding in US assets, after issuing a warning that the world is largely ...

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Metrics makes 2 acquisitions ahead of consumer lending expansion

Metrics Credit Partners has completed the acquisition of Taurus Financial Group and BC Investment Group as it looks to ...

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Former Promina chief joins IAG

  •  
By Stephen Blaxhall
  •  
2 minute read

IAG has hired former Promina head.

Former Promina chief executive Mike Wilkins has resurfaced at Insurance Australia Group (IAG). Wilkins joins IAG as chief operating officer.

"I'm delighted to have someone of Mike's calibre join our team and strengthen the Group's capability set," IAG group chief executive Michael Hawker said. 

"He has contributed significantly to the industry, including leading the Insurance Council of Australia as president, and as a director of IFSA."

Wilkins departure from Promina follows the group's merger earlier this year with Queensland based financial services group Suncorp Metway.

 
 

Wilkins also previously served as Tyndall Australia managing director.

IAG has also downgraded its revenue forecast for fiscal 2008 to between 7 per cent and 9 per cent growth in gross written premiums (GWP) from an earlier forecast of 10 per cent to 12 per cent growth.

The group said lower GWP expectations from its Advantage (UK) and Australian commercial businesses were the reason for the downgrade in forecast.