Golden years starting to lose their lustre
Mountains of debt and bigger bills mean Australians are now a lot more worried about retirement, but are their concerns well founded?
Financial Services
Bain, CC Capital fire up Insignia bidding war
The takeover tussle for Insignia has narrowed, with rivals Bain Capital and CC Capital lobbing $5-a-share bids to value the wealth manager at $3.35bn.
APRA intervention cops the ire of super industry veteran
Major changes proposed by the prudential regulator would cap the term limits of board members, as part of its biggest intervention in corporate governance in decades.
The funds manager who made her dream of ‘something better’ a reality
When investment guru Geoff Wilson copped a backlash for saying women were better investors, Armina Rosenberg leapt to his defence. Now she’s a funds manager under the Future Generation program.
Insurers face $2bn Cyclone Alfred bill
The insurance industry is bracing for a flood of claims, but industry watchers warn as many as one in four have no cover at all.
Vanguard may look at private investments
Vanguard could look at providing products that invest in the increasing number of private companies, the index funds management giant’s global CEO has told a Sydney function.
The final piece falls into place for Virgin listing
Conditions are booming in aviation, but Virgin Australia is gambling it can still land its multi-billion dollar IPO later this year.
Raygun’s brother charged with money laundering
The corporate regulator has brought charges against the iconic breakdancer’s brother, alleging he enabled a crypto scam.
Wilson builds his own ‘hybrid-like’ fund with $510m IPO
The veteran stockbroker has an income solution for the looming end of Australia’s multi-billion hybrid securities market.
Comyn to keep his head down ahead of election
CBA chief Matt Comyn has advised it might be ‘wise’ for businesses to keep their heads down during the looming federal election.
ASIC probes links between First Guardian and Shield Master funds
The same group of advisers who spruiked now collapsed Shield Master Fund to superannuation investors, were also recommending now suspended First Guardian Master Fund.
Double Bay spending spree as debts disappear at Pallas
One of Sydney’s hottest private lenders has wiped a string of bad debts from its books, as it boosts profits through fees from a string of property acquisitions.
AustralianSuper cuts more ties with troubled MUFG
The nation’s biggest superannuation fund has severed ‘member facing’ operations with administrator MUFG and will bring advice in house in order to repair its reputation.
Surging super sector needs right regulatory settings
The size of Australia’s super system is on track to become the second largest in the world by 2031, underscoring how important it is for our regulators to get their settings right.
ASIC takes aim at big super’s push into private markets
The corporate regulator wants to dig deeper into ‘private markets’. But will it hinder retail investor options as it seeks to examine big super?
Star casino attempts a grand deal with no leverage left
The golden rule is, don’t make deals without leverage. Star has none, leaving its board in the worst possible position to fight for survival.
Court freezes Falcon Capital, First Guardian assets
ASIC has secured freezing orders against a Melbourne co-founder and two funds with ties to embattled property developer Paul Chiodo while it investigates millions in missing investor money.
Stripe’s local boss hails rising presence
The global payments giant has shed light on its local operation, which is focused on winning new business with its billing power.
APRA: Banks must count student loans
The nation’s two peak regulators have warned about risks to the financial system.
New fund a $1bn boost to circular economy
Australia is a global laggard in cutting product waste, but a new fund from Planet Ark and Boston Global will target investment opportunities aimed at reversing the trend.
Perpetual flags staff cuts in turbocharged savings drive
Wealth manager targets $80m in savings, much of it from redundancies, following its failed carve-up deal with KKR.
Private markets mixed on ASIC intervention
ASIC’s public intervention in the growing world of private markets has been met with concerns about a growing regulatory burden.
Axe falls on jobs at EY as staff told redundancies coming
Staff at the firm have been told to expect redundancies across the sprawling audit and consulting giant, with up to 100 jobs on the line amid a looming restructure.
Police reveal more raids in PwC probe
The AFP says it is working through documents and statements from more searches it carried out after a raid of PwC headquarters, as part of its investigation into the tax scandal.
Tripp’s Betr revs up gaming with rival $360m Pointsbet bid
The digital gaming player is on the cusp of breaking into the top tier of Australia’s sports betting market as it enters the Pointsbet bidding war.
Why ASIC wants to shine a light on the dark markets
Some of the fastest-growing parts of capital markets have largely functioned unseen. Regulators don’t want to be caught short when the next crisis inevitably hits.
Platinum co-CIOs out under new firm structure
Andrew Clifford and Clay Smolinski will step down as co-CIOs of Platinum Asset Management and be replaced by an investment oversight group.
Bankwest banking on simpler demands
Commonwealth Bank’s move to shut Bankwest branches has left the West Australian operation as a digital-only operator.
Howard Marks on stock bubbles and gold: What gives first?
The legendary Oaktree investor makes the case during an Australian briefing that history is working against Wall Street repeating its rally.
ASIC to push ASX on transparency
The corporate regulator has warned its latest forays, slapping new rules on the ASX, are a sign of things to come.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/3