Industry Updates

Perpetual rejects revised takeover proposal from BPEA and Regal

Perpetual has received another non-binding proposal from BPEA Private Equity and Regal Partners which it has rejected.

Industry UpdatesNovember 10, 2022

AMP ASTRUM Award winners announced

AMP kicked off its national conference in the Gold Coast last night with a dinner presenting the ASTRUM Awards, recognising practices and advisers in the network.

Industry UpdatesNovember 10, 2022

Major banks see rising profits despite tough economic outlook

The major banks reported a combined cash profit after tax of $28.5 billion, a 7.2 per cent increase from FY21 despite inflation and rising interest rates creating pressure on consumers.

Industry UpdatesNovember 10, 2022

iExtend appoints Senior Risk Manager

iExtend has appointed Lindsay Stark as a senior risk manager, who will provide support and expert guidance on the growing number of individual qualifying policies to be co-owned by iExtend.

Industry UpdatesNovember 10, 2022

ASIC places interim stop order on offers from Finnia

ASIC has placed an interim stop order on offers from Finnia Income in response to deficiencies in the issuer’s target market determination (TMD).

Industry UpdatesNovember 10, 2022

CareSuper and Spirit Super exploring possibility of merging

Industry super funds CareSuper and Spirit Super have begun exploring the possibility of merging, but the projected combined pool will be below APRA’s preferred fund size.

Industry UpdatesNovember 9, 2022

HESTA, ReNu & Countrywide to develop green hydrogen

Health worker industry super fund HESTA has signed a term sheet with ReNu Energy and Countrywide Hydrogen to commit up to $100 million for the development of green hydrogen projects.

Industry UpdatesNovember 9, 2022

ASIC revokes DDO stop order on Neldner Road Vintners

An interim stop order placed by ASIC on Neldner Road Vintners in response to deficiencies in the issuers’ Target Market Determinations (TMD) has been revoked.

Industry UpdatesNovember 9, 2022