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Showing 251 - 260 of 470 results for "Managed investment scheme"

Equity Trustees names philanthropy lead

KARREN VERGARA, JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2017
A former National Australia Bank executive has joined Equity Trustees as its new general manager of charitable trusts and philanthropy. Jodi Kennedy joins the firm's trustee and wealth services division from NAB where she was head of community engagement ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
The Federal Government is powering ahead with further changes to Australia's $2 trillion superannuation system, garnering support from across the industry. The latest proposals will see the prudential regulator (APRA) be responsible for making it easier ...

AMP Capital appoints independent directors

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
AMP Capital appointed three non-executive directors to its responsible entity and trustee boards. John Nesbitt, Ming Long and Peter Rowe will join the AMP Capital Funds Management and AMP Investment Services boards effective July 28. Serving as the ...

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... ASIC commenced legal proceedings to protect the interests of 125 people who invested $22 million in a managed investment scheme operating without a licence. The regulator is seeking to wind up VKK Investments Unit Trust, a land banking scheme which owns ...

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
... acts as the responsible entity for both AIB and HHY, said this would provide investors with a larger managed investment scheme, which would "enhance the ability to grow the returns of the portfolio on a measured and sustainable basis." "Additionally ...

RG 133 review reveals poor compliance

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133. These findings form part ...

Funds management not up to scratch: ASIC

EMMA RAPAPORT  |  WEDNESDAY, 14 JUN 2017
... they represent," ASIC commissioner John Price said. "As a minimum, responsible entities must ensure a managed investment scheme is operated in accordance with the Corporations Act and that they comply with their obligations as a responsible entity, as ...

ASIC cancels AFSL, bans former executives and fund managers

JAMIE WILLIAMSON  |  TUESDAY, 30 MAY 2017
... 217 contraventions of the Corporations Act. Together they misappropriated $147.5 million held by the managed investment scheme known as the Premium Income Fund (PIF) on behalf of unitholders, using the funds to pay debts owed by other related entities ...

ASIC bans former Avestra directors

ALEX BURKE  |  WEDNESDAY, 17 MAY 2017
Former directors of Avestra Asset Management have been banned from providing financial services for 10 years. Paul Rowles and Clayton Dempsey were found by the Federal Court to have engaged in multiple contraventions of the Corporations Act. These included ...

ASIC cancels responsible entity AFSL

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
... ASIC; lodge its financial reports within the required timeframe; lodge compliance plan audits for the managed investment scheme it operates within the required timeframe; and notify ASIC of significant breaches within the required timeframe. Commenting ...