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

Search Results

Showing 1431 - 1440 of 6248 results for "December 2002"

Responsible entity fined $2m

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
A court has found Theta Asset Management and its managing director contravened the Corporations Act on multiple occasions in authorising the issues of five defective Product Disclosure Statements (PDSs). The court has ordered Theta to pay a penalty ...

New trustee for Spaceship

KARREN VERGARA  |  THURSDAY, 19 NOV 2020
Spaceship Super is aiming to achieve better member outcomes with the appointment of a new trustee. Spaceship Super will replace Tidswell Financial Services with Diversa on December 18 in a bid to streamline the business and ultimately improve efficiency ...

Generation flags Ascalon closure

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
ASX-listed Generation Development Group has confirmed its intention to wind up Ascalon Capital Managers, just two years after acquiring it from Westpac. It also announced plans to launch an income fund and a lifetime annuity. Generation has announced ...

ASIC charges BitConnect Australia lead

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
The former BitConnect Australian national promoter has been charged by ASIC for operating an unregistered investment scheme and making false statements. John Bigatton promoted the online cryptocurrency platform prior to its collapse in early 2018. It ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
A former financial adviser has pleaded guilty to misappropriating $2.9 million of client funds by transferring the money to his own accounts for personal use. Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
A profit-for-member super fund is providing a tax rebate for members who choose an account-based pension. Intrust Super's introduction of the Pension Transfer Bonus (PTB) is aiming to help members increase their retirement balances if they choose ...

Chief economist update: A vaccine and a better vaccine

BENJAMIN ONG  |  TUESDAY, 17 NOV 2020
"Voices singing, let's be jolly Deck the halls with boughs of holly Rockin' around the Christmas tree Have a happy holiday Everyone dancin' merrily..." - Brenda Lee It's not even December yet but Wall Street's already "Rockin' ...

Ironbark to wind up emerging markets fund

KANIKA SOOD  |  FRIDAY, 13 NOV 2020
Ironbark Asset Management has terminated an emerging markets small caps fund, after the underlying manager decided to close. The Ironbark Copper Rock Emerging Markets Opportunities Fund aimed to beat the MSCI Emerging Markets Small Cap Index (in AUD) ...

Perpetual gets green light for acquisition

ELIZA BAVIN  |  FRIDAY, 13 NOV 2020
Perpetual has been given the green light for its acquisition of a US-based asset manager. Perpetual announced in July it was seeking to acquire a 75% stake in $64 billion Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley). The remaining 25% interest ...

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
The Administrative Appeals Tribunal (AAT) has upheld a ban imposed by ASIC on an SMSF adviser who failed to disclose significant conflicts of interest. In December 2019, Wayne Blazejczyk was banned by the regulator for five years after he was found ...