CC Capital sweetens the deal for Insignia shareholders
Insignia Financial has received another sweetened offer from CC Capital, offering $4.60 cash per share to acquire the wealth giant.
January 17, 2025
Super sector must put public interest first in SG debate
The Coalition is reportedly considering a proposal to reduce the superannuation guarantee to 9 per cent if it wins the election. Many in the industry would understandably view any such move as a partisan effort to weaken the system, but they must also be open-minded about the evidence and accept that improving quality of service is the best response to critics.
January 16, 2025
ASIC appoints career regulator as next CEO
After joining the Australian Competition & Consumer Commission as a graduate almost three decades ago, CEO Scott Gregson will move on and take the same title at ASIC. He replaces interim CEO Greg Yanco whose tenure was marked by a dispute with the Association of Independently Owned Financial Planners.
January 16, 2025
Advisers need to take lead on advocacy
The Professional Planner Advice Policy Summit will hear from the most influential power brokers in financial services about what needs to be done to achieve enhanced policy outcomes. ART’s Anne Fuchs believes more needs to be done to find common ground, while WT Financial Group’s Keith Cullen says advisers need to take the lead on advocating for the profession.
January 15, 2025
FAAA hits FOI dead-end on CSLR cost impact
The Financial Advice Association Australia has revealed it met a roadblock in a Freedom of Information request on the Compensation Scheme of Last Resort. Despite obtaining some documents on the issue, the FAAA has been unable to ascertain whether a legislative impact analysis was conducted to identify potential unintended consequences, including the hefty cost of the scheme.
January 15, 2025
MUFG Pension & Market appoints tech consultant to enhance products
MUFG Pension & Market Services has enlisted a tech consultant to help expand its retirement service arm that provides super fund administration.
January 15, 2025
HESTA, IFM Investors acquires stake in EV subscription company
HESTA and super fund-owned investment vehicle IFM Investors has acquired a stake in subscription vehicles company Splend Group.
January 15, 2025
Private equity-owned super funds will face delicate balancing act
The growing appetite of super funds to invest in private markets has been well-documented, but now we’re seeing the tables turned as private equity scours the planet for attractive assets. With eyes fixated on Australia's $4 trillion superannuation industry, its latest target is Insignia Financial. But given the hefty ROI expectations of private equity investors, we could soon see for-profit super funds on steroids.
January 14, 2025
Getting your business ready for 2025
Financial advice consultants see technology as the driving factor of profitability in 2025. As more Australians reach retirement and artificial intelligence grows in popularity, advisers will turn to tech to increase efficiency and lift the number of clients.
January 14, 2025
Almost 3000 existing advisers aim to gain credentials by 2026 deadline
Financial educators are helping several thousand postgraduate students to ensure they meet the education standard deadline, despite declining support for the sector after the passing of the experience pathway.
January 13, 2025
Bain flips the scrip with new Insignia offer
Bain’s revised offer to bridge the $200 million valuation gap between its rejected offer and frontrunner CC Capital’s bid for Insignia Financial has raised the opportunity for current investors to remain holders of the embattled wealth giant.
January 13, 2025
Bain Capital matches CC Capital bid for Insignia
Bain Capital has made a revised offer to take over ASX-listed wealth giant, Insignia Financial, matching the offer from CC Capital last week.
January 13, 2025
