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04 May 2021 • By Sarah Simpkins • 1 min read

Macquarie buys US wealth manager

The asset management division of Macquarie Group has secured one of the oldest asset and wealth firms in the US for $2.3 billion. Macquarie Asset ...

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Westpac still searching for wealth exit

Westpac has flagged the sale of its remaining wealth-focused businesses as a key part of its cost-cutting strategy, as the bank’s remediation expenses ...

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RBA grows optimistic on recovery

The RBA has upgraded its projections for Australia’s economic recovery as unemployment continues to fall sharply ahead of next week’s budget

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Most Australians support 12% super

More than half of Australians are in support of the legislated superannuation guarantee rise to 12 per cent, while a further 20 per cent believe the ...

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RBA makes May rate call

The RBA has made its latest decision on interest rates as Treasurer Josh Frydenberg prepares to deliver his recovery budget next week. The RBA has ...

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What’s behind the proxy push?

Treasurer Josh Frydenberg’s move to curtail the power of proxy advisers and the super funds that use them is at odds with his own government’s ...

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Mainstream fields $356.2m takeover offer

Another suitor has popped up to bid for the Aussie fund administrator, upping the stakes by around $50 million. Mainstream confirmed it received an ...

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12 funds to manage majority of super assets: KPMG

More than three-quarters of assets under management and member accounts are forecast to be managed by the 12 largest funds, once the current mergers ...

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AMP pivots to digital to retake advice crown

AMP chief executive Francesco De Ferrari used his final AGM to reveal more details about the wealth giant’s plan to take back the financial advice ...

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Finance giants fail human rights test

AMP, Magellan, the big four banks and IOOF are among 22 ASX-listed financial firms that have scored poorly on a new human rights benchmark

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