Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 159 results for "Trio"

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... the SMSF professionals' Association of Australia said the report was "plain commonsense," he referred to the cost of the Trio scam and said investors were still often failing to follow basic checks. "The need for investors to check a number of sources ...

Trio fraud victims demand compensation

ALEX DUNNIN  |  THURSDAY, 5 JUL 2012
A group of Trio fraud victims is meeting with Bill Shorten, minister for superannuation and financial services, to demand that they be compensated for their losses just as members of regular super funds were compensated. John Telford, secretary of the ...

Mercer acquires Sovereign

MELANIE TIMBRELL  |  THURSDAY, 28 JUN 2012
... together with investment consultants Sarah Azzi and Scott McNally, will move to Mercer next week. According to Mercer, the trio will be taking most of their existing client base with them. Sovereign's asset consulting clients for alternatives include ...

SMSF auditor competency education push

MELANIE TIMBRELL  |  TUESDAY, 26 JUN 2012
... the market has forced increasing requirements for 'gatekeepers', concerns which were reinforced following the collapse of Trio Capital. Liz Westover, head of superannuation at the Institute of Chartered Accountants, however, said that while she supports ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
... AIST said the legislation would go "a long way to restoring consumer confidence in super and protecting fund members from Trio-style disaster." The Coalition yesterday criticised the hurried passage of FOFA through the Senate in line with a July 1 soft ...

SMSF Trustees want compensation: SPAA

BEN COLLINS  |  THURSDAY, 21 JUN 2012
... Australia has rejected calls for a levy to be imposed on SMSF trustees to fund a compensation scheme. In the wake of the Trio fraud there has been a misconception as to what the legal standing of SMSFs is when frauds occur, said Andrea Slattery, chief ...

Trio investor secures damages from adviser

BEN COLLINS  |  FRIDAY, 8 JUN 2012
A NSW woman has successfully claimed damages from her former financial adviser, after losing substantial savings in the Trio fraud. Wollongong-based legal firm RMB Lawyers told the ABC it has been representing the woman, who has a terminal illness and ...

Trio: ASIC evidence insufficient to prosecute Flader

LINDA HAUSKEN  |  WEDNESDAY, 6 JUN 2012
ASIC revealed yesterday it has insufficient evidence to prove controller of the Trio Group, Jack Flader, has breached Australian Law. The Parliamentary Joint Committee on Corporations and Financial Services inquiry into the collapse of Trio Capital ...

APRA: Third line of defence in Trio-style fraud

BEN COLLINS  |  FRIDAY, 1 JUN 2012
... Prudential Regulation Authority could have done more, deputy chairman Ross Jones has moved to distance the regulator from the Trio disaster, placing the blame with trustees and auditors. "APRA's prudential supervision has not been based on the premise ...

Industry questions RE concept after Trio collapse

MELANIE TIMBRELL  |  WEDNESDAY, 23 MAY 2012
An in-house responsible entity has been singled out as a common theme between Trio and other collective investment collapses since 2007, although industry insiders have labelled the comment a rehash of an old debate. "While the report shared around ...