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Showing 181 - 190 of 291 results for "Managed investment schemes"

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
... decisions that are not in their best interests." It will also look at responsible entities operating managed investment schemes and will "continue to identify 'red flags' and focus on high-risk entities." ASIC also said: "we expect licensees to provide ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... regulator made the demand in its submission to the Senate Economics Committee inquiry into forestry managed investment schemes (MIS) and in its submission to the Financial System Inquiry (FSI). ASIC noted that the effectiveness of professional indemnity ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... areas of high risk to investors and financial consumers." "We will focus on financial advisers and managed investment schemes. We will also continue to undertake reactive surveillance where we see possible misconduct," the regulator said. The Australian ...

Bendigo and Adelaide Bank reaches agreement in Great Southern case

ALICE URIBE  |  THURSDAY, 24 JUL 2014
... 8200 investors borrowed more than $550 million from the bank to invest in the Great Southern's failed managed investment schemes. After the collapse of Great Southern investors formed a class action that challenged the validity of the loans they received ...

IFS caught investing in unregistered schemes

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... Responsible entities operating under this class order are generally restricted from investing in unregistered managed investment schemes on behalf of members. "IFS acted promptly and in a way that protected members' interests throughout the process ...

Industry asked for views on managed investment schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... 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. In a release accompanying ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
... removes the prospect of a regulatory environment which resembles that for Responsible Entities for Managed Investment Schemes. "As is so often the case, market forces are overtaking regulation and the uptake of managed account services offered through ...

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
... attributed the double-digit growth to an improvement in financial markets. Mosaic Portfolio Advisers, SFG managed investment schemes business, kept growing organically during the first half of financial year 2014. The Mosaic Strategic Cash Plus Trust ...

ASX managed fund service gets go-ahead

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... the Australian Securities and Investments Commission (ASIC). The service will allow registered simple managed investment schemes to sell units via the ASX and not used paper-based transactions. Individual investors or their advisers will be able to buy ...