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24 February 2021 • By Lachlan Maddock • 1 min read

New merger for industry fund

The $16 billion industry fund will gobble up a smaller corporate fund as merger activity begins to heat up. Toyota Super will merge with Equipsuper ...

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Wells Fargo to shed asset manager

Wells Fargo & Company has entered into an agreement to sell its asset management arm for US$2.1 billion ($2.6 billion).  The deal, which will ...

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ASIC will offer immunity to financial criminals

ASIC will now consider extending immunity to serious financial criminals if they assist it in its investigations and enforcement actions

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Australian Ethical eyes competitors

Australian Ethical will target advisers and the high-net-worth market as it looks to outpace its competition and capitalise on the rising popularity ...

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Big four super members least satisfied

New data from Roy Morgan has shown consumer satisfaction with the major banks’ retail superannuation funds has ranked the lowest, trailing ...

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Financial sector cannot ignore modern slavery: KPMG

As the reporting deadline for the Modern Slavery Act creeps closer, KPMG and the Australian Human Rights Commission have warned that after the royal ...

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IOOF profit up 17%

IOOF’s chief has laid out the group’s ambitions for domination of the wealth market, as the company reported a 17 per cent rise in profit for the half ...

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Macquarie, Aware Super team up for $3.4bn telecom bid

Macquarie’s infrastructure business has partnered with Aware Super for its $3.4 billion takeover bid of telecommunications group Vocus.  Macquarie ...

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Funds must shape up or ship out: research

The government’s new performance test will see fewer funds but greater benefit to members as industry consolidation accelerates.  The government’s ...

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What ScoMo didn’t learn from COVID-19

Faced with the worst recession in 100 years, the Morrison government has chosen to take from the poor and give to the rich. The myth of the “dole ...

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