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Showing 191 - 200 of 3205 results for "Scheme"

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... opportunities." When handing down the sentence, Judge Prskalo KC said: "At all times, you were the controlling mind of the scheme. Investors generally expressed their trust in you and as a result did not seek legal advice' and 'the gravamen of your offending ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...

ASX flags up to $35m in additional operating costs

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
... wrongly identifying TPG Telecom as a party to an acquisition. The announcement from Infomedia stated that it had entered a scheme of arrangement under which private equity group TPG Capital Asia would acquire 100% of its shares - not TPG Telecom. "ASX ...

SQM sheds light on Shield Master Fund, First Guardian ratings

MATTHEW WAI  |  WEDNESDAY, 6 AUG 2025
SQM Research is facing scrutiny over its questionable ratings of the defunct Shield Master Fund and First Guardian schemes. SQM Research managing director Louis Christopher has released a statement overnight explaining the assigned ratings. Christopher ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... concerns about the fund's liquidity. Action taken against Link involved securing a £230 million ($472.3m) redress scheme for those investors stuck in the fund when it was suspended. "Being a leader in financial services comes with responsibilities ...

Guilty plea entered in Ponzi scheme case

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
A man who carried on a financial services business without and AFSL and duped investors out of nearly $2 million has pleaded guilty to dishonest conduct and dealing with proceeds of crime. Ashley Arandez pleaded guilty to dishonest conduct, unlicensed ...

PC outlines key reforms to boost clean energy investment

ELIZA BAVIN  |  TUESDAY, 5 AUG 2025
... for market-based incentives in the electricity sector to replace the Renewable Energy Target and the Capacity Investment Scheme, neither of which will support new investment in renewables after 2030. The report also recommended broadening and improving ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
Treasury today launched a consultation on the Compensation Scheme of Last Resort (CSLR), considering options on how to deal with estimates that have drastically exceeded sub-sector levy caps. Released late Friday, the consultation paper is seeking feedback ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to ...

Mulino sits on Tranche 2 for now, grapples with complexity

KARREN VERGARA  |  WEDNESDAY, 30 JUL 2025
... people can then fully digest all of those elements holistically." With respect to the sustainability of the Compensation Scheme of Last Resort (CSLR) and the ballooning costs borne by the financial advice industry, Mulino said without pre-judging the ...