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Showing 1421 - 1430 of 3210 results for "Scheme"

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... Fuoco and other individuals who had managed the Fuoco Group discussed at length the further development of the cash rebate scheme that was the subject of that proceeding," the regulator said in Jan 10 documents. "ASIC alleges that, initially, Mr Fuoco ...

FPA and AFA aim to administer adviser standards

DARREN SNYDER  |  FRIDAY, 2 NOV 2018
... executive Dante De Gori said the association believes "financial planners and their clients can operate under a professional scheme rather than a more expensive commercial alternative which may not bring the depth of understanding of the various business ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... use of funds withdrawn. He also deceived another client about the unit price of an unlisted registered managed investment scheme; a portion of the proceeds sold benefited Birk's father financially. ASIC said that Gold Coast-based Birk gained about ...

Super funds react to market sell off

KANIKA SOOD  |  MONDAY, 29 OCT 2018
AustralianSuper and Equip Super are among the superannuation funds reassuring members as the S&P/ASX 200 slid close to its lowest in a year last Thursday. On October 25, The S&P/ASX 200 closed more than 6% lower than at the start of the year, on the ...

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
Not to rain on the fintech parade but financial advisers and investors in Australia must stay alert against Ponzi schemes posing as P2P platforms. In a paper released by the SWIFT Institute titled "Quo Vadis? A comparison of the fintech revolution in ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... countered this proposal in its submission, stating it would inadvertently set up two systems: the current workers compensation scheme that's subject to various regulations; and a parallel scheme whereby private sector insurers determine the worthiness ...

Downsizer scheme gains ground

JAMIE WILLIAMSON  |  WEDNESDAY, 24 OCT 2018
The recently introduced downsizer contributions strategy is gaining traction, with the new scheme topping the list of adviser queries for the September quarter. BT Financial Group's technical team fielded about 3000 queries over the quarter, a significant ...

Former Australian cricket captain in crypto fail

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
... several proposed ICOs and has also stopped the issue of a Product Disclosure Statement for a crypto-asset managed investment scheme. Since April, ASIC has successfully stopped five separate ICOs and issued a final stop order on a PDS issued by Investors ...

Australian retirement system weakens

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
An ageing population is placing increased pressure on the Australian government as the nation's ability to ensure individual's retirement is both adequate and economically sustainable is diminishing. Australia has slipped down the ranks of the ...

Early release of super, FHSSS gaining traction: ATO

KARREN VERGARA  |  MONDAY, 22 OCT 2018
... amount authorised for release, Treasury said at the time. O'Halloran also said that the First Home Super Saver (FHSS) Scheme is successfully underway since it was introduced in the 2017-18 Budget. Over the same period, the ATO has made 2548 determinations ...