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

Search Results

Showing 191 - 200 of 437 results for "Managed investment scheme"

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Blue Sky is refunding more than $4.1 million to investors for incorrectly charging fees mainly across its wholesale private real estate and private equity fund. The fees, Blue Sky said, were charged in an "inconsistent" manner to what was stated in ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
ASIC has updated its regulatory guides to reflect changes from the Asia Region Funds Passport bill that was recently passed. On June 28, the Federal Government passed the Corporations Amendment (Asia Region Funds Passport) Bill 2018 in an effort to ...

PM Capital offers new LIC

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
... investment strategy, and that of its parent PGF, is consistent with that of PM Capital's unlisted managed investment scheme, the PM Capital Global Companies Fund and other associated global mandates. PTrackERS stands for portfolio tracking exchangeable ...

ASIC takes financial planner to court

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
ASIC is taking a Queensland-based financial planner to the Supreme Court, after his licensee reported him to the corporate regulator. Brett Andrew Gordon operated a financial planning business, Refocus Financial Group on the Sunshine Coast. He held ...

Investors drive third SCA unlisted retail fund

HARRISON WORLEY  |  FRIDAY, 15 JUN 2018
... acquisition, with debt closing the gap. Set up as an unlisted closed end property unit trust registered as a managed investment scheme, the fund carries a minimum investment of $25,000 with a 6.5 year term from the closing date of the offer, which according ...

Government opens consultation for amended CCIV regime

ALEX BURKE  |  THURSDAY, 14 JUN 2018
... investor protection while being more "internationally recognisable" than the country's existing managed investment scheme (MIS) trust-based structure. The amendments released for consultation yesterday include a revised draft of the new chapter in ...

AET appoints new head of corporate trust

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
IOOF subsidiary Australian Executor Trustees has promoted internally, appointing a senior manager to head up its corporate trust division. Yvonne Kelaher will take the reins as the head of corporate trust at the IOOF subsidiary from next week, having ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... statements in its white paper. In addition to this, the unnamed ICO offer was set up as an unregulated managed investment scheme that breached provision of provisions of the Corporations Act. The ICO offeror would have copped serious penalties under ...