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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.
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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.
Naomi Halpern, a victim of the Timbercorp collapse, said her experience and those caught up in similar failed investment schemes showed Australians really needed protection from poor financial advice.
One question for this person.... will she hand back the tax deduction she received from ATO?
The dilemma is that people borrowed money to get a massive tax refund but, now the assets have no value they want the bank to write off the debt
It's breathtaking how only part of the story ever gets out.