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Showing 181 - 190 of 470 results for "Managed investment scheme"

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... charged with providing unlicensed financial advice on behalf of another person, operating an unregistered managed investment scheme, and making a false or misleading statement.

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... AFSL authorising it to deal in a financial product by issuing, varying or disposing of interests in a managed investment scheme. However, ASIC said, in certain circumstances a trustee may rely on exemptions from the requirement to hold an AFSL. For example ...

ASIC charges BitConnect Australia lead

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... sourced from mum and dad investors. Bigatton has been charged with one count of operating an unregistered managed investment scheme, one count of providing unlicensed financial services on behalf of another person and four counts of making false or misleading ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

Fresh fundies outperform

ALLY SELBY  |  THURSDAY, 15 OCT 2020
... The fund was backed by a seed investor in July 2018, with Moors and Quinn launching the unregistered managed investment scheme to wholesale and accredited Australian and Singaporean investors in March 2020. While Moors said the investment manager so ...

Lazard launches new fund

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
Lazard Asset Management has launched a new registered managed investment scheme, offering Australian investors access to a US$500 billion asset class. The Lazard Global Convertibles Fund offers exposure to a global portfolio of convertible bonds, with ...

Boutique welcomes operations chief

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
A former executive of Lazard Asset Management has moved to a $10 billion Sydney-based boutique to lead its operations. Melanie McQuire is the new chief operating officer at Maple-Brown Abbott, responsible for the firm's operating and technology ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... Ratings. In response, ASIC has granted new conditional relief to all responsible entities of registered managed investment scheme that are now frozen. Previously, access could only be granted on the basis of financial hardship on a case-by-case basis. ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... when it introduces that increase. Macquarie used to manage the money held in cash accounts through a managed investment scheme which invested in a deposit with Macquarie Bank. From December, cash accounts will be moved to a direct deposit with Macquarie ...