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Showing 1581 - 1590 of 3210 results for "Scheme"

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... they represent," ASIC commissioner John Price said. "As a minimum, responsible entities must ensure a managed investment scheme is operated in accordance with the Corporations Act and that they comply with their obligations as a responsible entity, as ...

Retail funds closing in on return gap

ALEX BURKE  |  FRIDAY, 9 JUN 2017
... same period. Based on 12-month returns, the top-performing workplace MySuper/default options were the LGS Accumulation Scheme - High Growth (14.7%), Hostplus - Balanced (14.2%), CFS FirstChoice Lifestage 1970-1974 (14.1%), SA State Lump Sum Scheme - ...

Private equity firm confirms $2.2bn bid

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
... satisfied with due diligence, available financing, unanimous recommendation from the Vocus board and entry into a definitive scheme implementation agreement between the parties. It also assumed no dividends will be paid before implementation of the scheme ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... 217 contraventions of the Corporations Act. Together they misappropriated $147.5 million held by the managed investment scheme known as the Premium Income Fund (PIF) on behalf of unitholders, using the funds to pay debts owed by other related entities ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... super. This includes MLC Insurance Super, Life Cover Super and Protectionfirst Super, transferred from The Universal Super Scheme to a new super fund called the MLC Super Fund, the report said. Product group performance contributed $688 million in net ...

Advisers doubtful over super home deposit scheme

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
The practicality of the Federal Government's proposed first home superannuation saver scheme is raising concerns with several financial advisers. HLB Mann Judd wealth management manager Lindzi Caputo said there are still a lot of questions surrounding ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... be directly involved in the fraudulent activities. Cranston's son and daughter are alleged to have been involved in the scheme and have both been charged by the AFP with conspiracy to defraud, following an eight month investigation. At a press conference ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
Former directors of Avestra Asset Management have been banned from providing financial services for 10 years. Paul Rowles and Clayton Dempsey were found by the Federal Court to have engaged in multiple contraventions of the Corporations Act. These included ...

First home buyers: Devil is in the detail for super funds

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
Asset consultants and industry associations alike are applauding the introduction of the First Home Super Savers Scheme which they say will help young people to get a foothold in the property market. The scheme, announced as part of the Federal Budget ...

Government trials social impact investments

KARREN VERGARA  |  THURSDAY, 11 MAY 2017
... Issue's Homes for Homes initiative nationwide as a potential solution to the social and affordable housing shortage. The scheme encourages property vendors to donate 0.1% of the sale proceeds of their property to fund housing projects. The Big Issue ...