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Showing 111 - 120 of 291 results for "Managed investment schemes"

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
... named on its licence. Global Merces also failed to lodge audit reports for the group and registered managed investment schemes, as well as auditors' reports for the 2018 and 2019 financial years. ASIC said Grofski has the right to appeal ASIC's decision ...

ASIC to wind up PE Capital

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
ASIC has taken action to wind up PE Capital Funds Management and its managed investment schemes. The regulator is alleging that PE Capital operated unregistered managed investment schemes including the PE Capital Property Development Fund, PE Capital ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... benefit will not be included in the product conversion. In addition, legacy life insurance products and managed investment schemes will also be rationalised with the government providing $2.5 million to establish an industry working group to develop ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee which ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... prevent the hawking of all financial products - insurance products, superannuation, shares and other managed investment schemes - via an unsolicited telephone call or any form of "real-time interaction in the nature of a discussion or conversation". ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
... Connect team provides general financial product advice and deals in life insurance, managed funds and managed investment schemes; platforms, wraps and portfolio services; retirement savings accounts; superannuation; cash accounts and term deposits; securities ...

Boutique welcomes operations chief

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... Additionally, she will oversee product and platform management across Maple-Brown Abbott's Australian managed investment schemes, UCITS platform and institutional and high-net-worth mandates. McQuire spent over eight years at Lazard in a similar ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... hardship get access to money stuck in frozen funds. Pandemic-induced volatility has seen a number of managed investment schemes freeze redemptions for fear of undermining their fund. As at June, at least US$62 billion of mutual funds across the globe ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the regulation of ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... NULIS defended the position. "There is a higher administration fee where members choose to invest in managed investment schemes that are issued by unrelated parties to NULIS," it said. "There are two fee structures available. Members that access the ...