Bain sweetens offer for Insignia
The investment firm has lobbed a sweetened $4.30 per share offer for Insignia Financial, matching the bid from rival CC Capital but with an added incentive.
The investment firm has lobbed a sweetened $4.30 per share offer for Insignia Financial, matching the bid from rival CC Capital but with an added incentive.
Top super funds have delivered their third best returns of the past decade but don’t expect a repeat performance this year, the sector’s investors say.
Super funds are on track for strong returns for the year but some of the best long-term outperformers have been overshadowed by more aggressive growth funds.
A report exposing the failure to protect the vulnerable from financial abuse comes as the government seeks tighter regulations but prepares to unleash new advisers within super funds.
Insignia Financial plans to outsource administration services for its Master Trust business but is hoping to avoid the reputational damage suffered by industry funds by keeping claims in-house.
Perpetual shares sink as shareholders declare the deal with KKR dead following ATO tax update.
National Australia Bank expects the economy to grow in the coming year, with boss Andrew Irvine sounding a note of optimism for businesses.
In a blow to retail investors, banks will be forced to retire hybrid securities – a $43bn local market – on orders from the prudential regulator.
The government’s shared equity scheme aims to help up to 10,000 buyers per year purchase their first home.
Australia’s biggest bank will pause its push to tip customers into new accounts which would charge them $3 per withdrawal.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/17