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Showing 241 - 250 of 315 results for "S Scheme"

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
ASIC has commenced civil proceedings to wind up and appoint a liquidator to Finchley Central Funds Management - the responsible entity of managed investment scheme, Finchley Development Capital Funds. ASIC is seeking orders from the Federal Court of ...

Funds resist SG "me too" pension scheme

MICHELLE BALTAZAR  |  WEDNESDAY, 12 AUG 2009
Majority of pension funds in the UK and Europe said that a contribution rate of 8 per cent on a proposed national pension scheme will not really help workers in the low to middle income groups, a new survey found. The Penrose Financial survey conducted ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to ...

Timbercorp investors get $50k aid

RUTH LIEW  |  MONDAY, 13 JUL 2009
Professional Investment Services is hoping its $50,000 donation into the Timbercorp fighting fund and other monetary aid would help up to 80 per cent of Timbercorp investors claw some of their investments back. PIS, which recently poured an additional ...

Market Wrap - Morning

AAP  |  TUESDAY, 23 JUN 2009
The Australian share market has received strongly negative leads overnight, with Wall Street indices heavily down, along with commodities, including precious metals, oil and copper. At 0733 AEST on the Sydney Futures Exchange, the September share price ...

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
As the 2008-09 financial year draws to a close, tax commissioner Michael D'Ascenzo warned last month that his office will be closely reviewing three arrangements that attempt to falsely generate claims for inappropriate tax losses. The department is ...

Fed's unfunded liabilities balloon to $80bn

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
Federal unfunded superannuation liabilities have jumped 75 per cent in less than a decade, putting pressure on the government's Future Fund strategy to contain the fiscal blow out. The figures, contained in the latest Mercer analysis from the Department ...

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
A Watson Wyatt report found defined benefit superannuation liabilities for listed Australian firms have blown out from around $2 billion to $25 billion over a six-month period to the end 2008. According to David McNeice, Watson Wyatt principal, companies ...

Fitzsimons to head MasterKey Custom

RUTH LIEW  |  TUESDAY, 17 MAR 2009
Ex-Plum Financial Services managing director Mike Fitzsimons has been appointed general manager of MasterKey Custom. Fitzsimons, who will commence his role in early April, will be responsible for the MasterKey Custom business - which has $8.3 billion ...

ATO targets early access and in-house rules

MICHAEL HOBBS  |  THURSDAY, 12 MAR 2009
The Australian Tax Office (ATO) is targeting illegal early access to retirement savings and stepping up its compliance activities to ensure self managed super fund (SMSF) trustees don't break the law. Speaking at the SMSF Professionals' Association ...