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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

From reflection to resilience: How AMP Super transformed its investment strategy

AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several ...
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Regulator investigating role of super trustees in Shield and First Guardian failures

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their ...

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Magellan approaches $40bn, but performance fees decline

Magellan has closed out the financial year with funds under management of $39.6 billion. Over the last 12 months, ...

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RBA poised for another rate cut in July, but decision remains on a knife’s edge

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting, ...

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Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for ...

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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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Austock set for Dec listing

  •  
By Stephen Blaxhall
  •  
4 minute read

Financial services group Austock expects to launch on the ASX by the end of the year.

Austock is expecting to list on the Australian Securities Exchange on December 17, following the release of its prospectus to ASIC.

The diversified financial services group is to offer six million shares at $1.80.

On listing, Austock will have a market capitalisation of $214.3 million.

The share offer opens on November 20 and closes on December 6.

 
 

The group, formed in 1991, employs more than 200 staff with offices in Melbourne, Sydney, Brisbane and Chicago and has affiliations in the United Kingdom and Europe.

In 1997 the group established Austchoice, the first cooperative of financial planners in Australia.

Deakin Financial Services acquired AustChoice in 2004.

In September the group's subsidiary Austock Asset Management hired former Challenger staffer Alan Sheen as its new managing director.

Sheen is responsible for over $400 million in Austock funds.