GQG raises $145m for first private markets fund

GQG-Partners/Pacific-Current-Group/private-markets/private-credit/

GQG Partners has closed fundraising on its initial private markets fund, having raised $145 million.

Read more about:

AUTHOR

MLC Life to merge with Resolution Life as NAB exits

MLC-Life/MLC-Life-Insurance/Resolution-Life/

MLC Life Insurance and Resolution Life Australasia are to merge, creating a combined firm with the new name of Acenda, while NAB has divested its remaining 20 per cent stake.

AUTHOR

Engaging the next generation in advice

fidelity/intergenerational-wealth/young-clients/

When it comes to engaging younger clients, Fidelity has unpacked potential concerns of this generation when it comes to seeking advice as well as how they prefer to interact with their adviser.

Read more about:

AUTHOR

Insignia agrees to SS&C deal to transform Master Trust

insignia/master-trust/SS&C-Technologies/

Insignia Financial has entered into an initial agreement with fund administrator SS&C Technologies to transform its Master Trust business following a strategic review.

Read more about:

AUTHOR

AMP taps Mercer exec for strategic partnerships role

amp/mercer/BT/amp-super/

AMP has appointed a national manager for strategic partnerships, with John Allmey making the move from Mercer Australia.

Read more about:

AUTHOR

Smart beta ETF usage on the rise among advisers

Smart-beta/ETF/VanEck/financial-advice/

Financial advisers are demonstrating interest in smart beta ETFs, according to VanEck, who are using it as an alternative to active management.

Read more about:

AUTHOR

HMC Capital hires director to boost wholesale reach

distribution/business-development-manager/private-markets/private-credit/BT/appointments/hires/

Former BT sales executive, Sarah Hegarty, has taken up the role of senior director of wholesale distribution at HMC Capital.

Read more about:

AUTHOR

RBA makes final 2024 rate call

RBA/interest-rates/central-banks/monetary-policy/

The Reserve Bank of Australia has announced its final interest rate decision for 2024 amid stubborn inflation and faltering economic growth.

Read more about:

AUTHOR

Perpetual/KKR deal in doubt amid significant tax liability

Perpetual/KKR/ATO/

The deal between Perpetual and KKR is in doubt after the ATO significantly reduced the estimated cash proceeds for shareholders due to a $488 million primary tax liability.

Read more about:

AUTHOR

Former AMP advice exec steps back as FSCP panel cuts to 24

FSCP/ASIC/amp/

Nick Hilton, newly appointed as executive general manager for advice delivery at Entireti following the AMP acquisition, is among seven individuals stepping back from the FSCP as the panel is cut down to 24 members.

Read more about:

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

2 months 1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 months 1 week ago

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size....

2 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

4 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

3 weeks 6 days ago
moneymanagement logo