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Showing 1931 - 1940 of 3212 results for "Scheme"

Standard Life Investments to buy UK fund manager

MARK SMITH  |  THURSDAY, 27 MAR 2014
Standard Life Investments has acquired UK-based fund manager Ignis from parent company Phoenix Group for A£390 million ($700 million). Subject to regulatory approval, the deal will see Phoenix and Standard Life Investments form a 'strategic alliance' ...

ATO initiative raises $640 million from wealthy Australians

MARK SMITH  |  WEDNESDAY, 26 MAR 2014
... expectations, raising $640 million from wealthy Australians since it was launched four years ago. Following the success of the scheme the ATO announced it has received government funding to continue the initiative for a further four years, until 30 June ...

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
The British government is proposing a radical overhaul of the nation's private pensions system and will introduce choice of retirement product and simplify retiree taxation structures. The proposals were announced in the British 2014 Budget that was ...

Westpac exec gets ASIC ban after preying on elderly's finances

ALICE URIBE  |  WEDNESDAY, 12 MAR 2014
... spite of this St Pierre encouraged them to borrow against their homes, some of which were unencumbered, to invest in the scheme which promised returns of 15-25% per annum to investors. The customers received monthly interest payments from the scheme ...

Investors get conditional agreement against Great Southern

ALICE URIBE  |  MONDAY, 10 MAR 2014
Litigation funder Bentham IMF has reached a conditional settlement against the collapsed agricultural investment scheme Great Southern. According to a release on the ASX, the terms of the settlement remain confidential to the parties and are to be the ...

Asia Funds Passport on shaky ground

MARK SMITH  |  MONDAY, 10 MAR 2014
... before a workable Asia Funds Passport can be launched, including the drafting of regulations (expected in 2015). A pilot scheme for the passport may commence in 2016 if legislation is settled by the end of 2015. Read the latest Financial Standard on ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... was no law holding promoters of illegal schemes to account. However, the new law states that "A person must not promote a scheme that has resulted, or is likely to result, in a payment being made from a regulated superannuation fund otherwise than in ...

Industry asked for views on managed investment schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The Corporations and Markets Advisory Committee (CAMAC) has called for submissions to a new discussion paper on the regulation of managed investment schemes (MISs). The discussion paper follows a report on the subject of MISs published by CAMAC in 2012. ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Planned changes to the regulation of managed discretionary accounts (MDAs) will not go ahead, the Australian Securities and Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy ...

ASIC accepts EU from forex broker over prohibited IMA

STAFF WRITER  |  TUESDAY, 25 FEB 2014
... (AFS) licence prohibits it from offering a MDA service to retail clients except through a registered managed investment scheme. ASIC's investigation found the IMAs, which were opened by 34 clients and had funds totalling more than $2.6 million, were ...