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04 April 2022 • By Jon Bragg • 1 min read

Colonial to pay $56.3m after settling class action

Super fund members alleged that Colonial failed to transfer $3.2 billion of accrued funds to a MySuper product in a timely manner. Maurice ...

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Perpetual targets pole position in local asset management market

Perpetual’s acquisition of Pendal would create a leading global asset manager with significant scale. On Monday, Pendal revealed it has received a ...

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Mason Stevens announces new CIO and CFO

The investment manager has announced the two appointments this week. Jacqueline Fernley has been appointed as Mason Stevens’ new chief investment ...

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PIMCO dumps first local LIT

PIMCO has decided not to proceed with launching its first Australian Listed Investment Trust. PIMCO has scrapped plans to launch its Australian ...

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AUB Group confirms interest in London-based Tysers

AUB Group has confirmed discussions for the acquisition of London-based Lloyd’s wholesale insurance broker. AUB Group said on Monday that it has ...

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Perpetual offers to buy Pendal for $6.23 per share

Perpetual has made an offer to acquire 100 per cent of the shares in Pendal for an indicative $6.23 per share. In an ASX listing on Monday, Pendal ...

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Share market recovery continues with a surge of nearly 7% in March

IT, energy and materials were the best performing sectors last month. The S&P/ASX 200 surged 6.89 per cent in March, according to S&P Dow ...

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Home values drop in Sydney and Melbourne

While growth has continued across the country overall, prices have fallen in Australia’s two largest capital cities. National house prices lifted ...

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Labor pledges to turn Australia into a renewable energy superpower

Labor has pledged to transform Australia into a renewable energy superpower. In his budget reply, Labor leader Anthony Albanese promised to act on ...

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ANZ commences joint venture with Worldline

ANZ has announced the commencement of ANZ Worldline Payment Solutions, a joint venture with European payments provider Worldline. The joint venture ...

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