Dutton allows warrants back on SMSF menuBY CHRIS NICHOLLS | WEDNESDAY, 23 MAY 2007 12:19PMAssistant Treasurer Peter Dutton yesterday reversed the Federal Government's hardline stance on instalment warrants, allowing self-managed super funds to invest in warrants of "a limited recourse nature over any asset a fund would be permitted to invest in directly". |
Editor's Choice
ASIC takes action on Australian Fiduciaries
|ASIC is investigating Queensland financial services firm Australian Fiduciaries, which has $160 million of investor money, and seeks asset preservation orders and the appointment of receivers.
IFM Investors chief of staff exits
|The chief of staff at IFM Investors has departed after nine months in the role.
Royal London Asset Management plants flag in Australia
|Royal London Asset Management has appointed a Sydney-based regional sales head to expand the firm's footprint in Australia.
ASIC cancels Financial Services Group Australia's AFSL
|ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the industry.
Products
Featured Profile

John Burke
GLOBAL CHIEF EXECUTIVE OFFICER
BENNELONG FUNDS MANAGEMENT LTD
BENNELONG FUNDS MANAGEMENT LTD
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet. Andrew McKean writes.