Generation Development Group Seeks to Continue Current Sales Momentum for Generation Life Business, Shares Climb 4%

MT Newswires Live

2025/11/20

Generation Development Group (ASX:GDG) said it seeks to continue its current sales momentum for the Generation Life business, capitalizing on legislative tailwinds and leveraging its strategic alliance with BlackRock, according to a Thursday Australian bourse filing.

It also plans to review the market for high-growth opportunities that align with its strategic objectives.

It predicted growth in the managed account sector to AU$520 billion by 2030. It seeks to capitalize on the structural changes in wealth management and the increasing needs of sophisticated investors.

Its shares rose 4% in recent trading on Thursday.

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