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Showing 1281 - 1290 of 3210 results for "Scheme"

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
... before retirement age by setting up an SMSF. Recently, the ATO brought a case against a woman for her role promoting such a scheme. The woman was a not a financial adviser or tax agent, but assisted 68 people in establishing 35 separate SMSFs. She charged ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... feel uncomfortable. APRA released the first iteration of its MySuper heat map this morning, which uses a graduating colour scheme to demonstrate the performance of MySuper products across fees and costs, investment performance, and the sustainability ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... civil proceedings against a former authorised representative of AMP accused of operating an unregistered managed investment scheme and using investor funds for themselves. The corporate regulator has taken action against former financial adviser Mustafa ...

Equity Trustees renews custody mandate

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Equity Trustees has renewed its mandate with State Street Corporation for custodial and investment administration services of its Equity Trustees wealth services funds. The new agreement will see State Street provide custody, fund accounting, regulatory ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... not be in breach of the law because their financial advisers were not able to register with an ASIC-approved compliance scheme by 1 January 2020, as originally required," ASIC said. The regulator stressed financial advisers will still be required to ...

Tropical theme Ponzi scheme busted

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
Small business owners and seniors in Florida have been the victim of a tropical themed Ponzi scheme that is now under investigation by the US Securities and Exchange Commission. The SEC announced that it has filed an emergency action and obtained a ...

Continued calls for code compliance extension

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
Following ASIC providing relief to licensees in regards to ensuring advisers are registered with a compliance scheme, the Financial Planning Association of Australia is calling for more to ensure compliance. Speaking to Financial Standard, FPA head ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... claimed the payments were compensation for some administrative tasks his wife had done. For the first several years of the scheme, Forsyth paid his wife between £5000 and approximately £10000 per annum. But, after 2010 the amounts Forsyth transferred ...

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... ASIC has now granted a three-year exemption to all AFSLs to ensure that financial advisers are covered by a compliance scheme. The exemption also applies to the associated notification obligations. ASIC said its action on this matter follows the government's ...

Fee hike at government super fund

KANIKA SOOD  |  THURSDAY, 14 NOV 2019
A government superannuation fund has increased its admin fees for the first time in nine years. Super SA, which provides superannuation to 210,000 public sector employees in South Australia, has informed members of some schemes that their admin fees ...