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Showing 111 - 120 of 575 results for "Directed"

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... them to acquire property, and the daughter having received investor funds as a gift. "The venture into which Ms Kaur directed investor funds was risky and speculative as is shown by the likelihood that most if not all of the funds of many of the investors ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... Register. ASIC alleges that, between 2017 and 2021, Arandez promoted and carried on a financial services business at which he directed several clients to roll over their superannuation into new SMSFs and invest in a variety of businesses he controlled. ...

More PwC staff to go, will remain anonymous

CASSANDRA BALDINI  |  TUESDAY, 30 MAY 2023
... taking all further action required to enhance accountability and announced additional actions to do so. "PwC Australia has directed nine partners to go on leave, effective immediately, pending the outcome of our ongoing investigation. This includes members ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... their product will reach the target market and have appropriate distribution conditions in place to ensure the product is directed towards the target market." To date, ASIC has issued 36 interim stop orders under DDO, since 31 have been lifted following ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... member." On the other hand, HESTA chief executive Debby Blakey welcomed the initiative but said that savings should be directed towards helping deliver a fairer and more equitable super system. Aware Super said the budget left low-hanging fruit on the ...

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... investment management solutions," it said. Meanwhile, in line with its strategy to provide wealth solutions for self-directed investors and advisers, Clime said a dedicated data analytics program has been underway during the second half of FY23. It aims ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... history used in the performance test." APRA has also released a new information paper on its approach to combining trustee-directed product performance histories, to be tested for the first time this year. "At this stage, APRA has drafted the technical ...

Regal names investment director

KARREN VERGARA  |  FRIDAY, 14 APR 2023
... Regal, he will expand the ASX-listed firm's existing relationships with Australian family offices, and sophisticated, self-directed private investors. Myer said that he was looking forward to contributing to Regal's growth. "The alternatives space in ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... be more consistent on communicating performance results on their websites. "As the performance test expands to trustee-directed products, I strongly encourage trustees to assess their approach to member communications, reflecting on the suggested areas ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... MoneySmart website and product dashboards for MySuper products," Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope of scrutiny, it was not unexpected and falls short of our position that that ...