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.
Industry UpdatesJanuary 17, 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.
Industry UpdatesJanuary 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.
Industry UpdatesJanuary 15, 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.
Industry UpdatesJanuary 13, 2025
Government establishes regulatory grid
The government has established the Regulatory Initiatives Grid, aiming to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.
Industry UpdatesDecember 19, 2024
NESS Super partners with Otivo for digital advice service
Electro-technology profit-to-member fund NESS Super has partnered with digital advice provider Otivo.
Industry UpdatesDecember 19, 2024
Growth super funds on track to finish CY24 with 11 pc gain: Chant West
The median growth option in super funds are on track to finish the 2024 calendar year with an 11 per cent gain, according to the latest estimate from research house Chant West.
Industry UpdatesDecember 19, 2024
REST appoints people and culture leaders
Super fund REST has appointed two general managers to lead its workplace culture and employee experience development.
Industry UpdatesDecember 19, 2024
Mason Stevens acquired by private equity firm
Private equity firm Adamantem Capital has entered into a binding agreement to acquire wealth platform Mason Stevens.
Industry UpdatesDecember 18, 2024
Insignia rejects $2.7b Bain Capital bid
ASX-listed Insignia Financial has rejected the non-binding $2.7 billion offer from Bain Capital, saying the bid "does not adequately represent fair value" for shareholders.
Industry UpdatesDecember 18, 2024
NZ Super appoints former Future Fund CIO to board
Former Future Fund chief investment officer Sue Brake has been appointed to the NZ Super board.
Industry UpdatesDecember 13, 2024
AIA Australia and CFS renew group insurance partnership
Life insurer AIA Australia has announced that it has renewed its partnership with Colonial First State to continue as its group insurer.
Industry UpdatesDecember 12, 2024