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Showing 251 - 260 of 438 results for "Managed investment scheme"

ASIC seeks to wind up $18m manager

ALEX BURKE  |  WEDNESDAY, 16 SEP 2015
ASIC is seeking court orders to wind up an asset manager with approximately $18.5 million in funds under management. Avestra Asset Management - which ASIC's statement said is a "responsible entity or trustee of a number of managed investment schemes" ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
The advice industry is divided over how to fund an insurance scheme to compensate clients who receive bad advice. A rise in professional indemnity premiums is only compounding the problem. Senators Nick Xenophon and Sam Dastyari proposed a statutory ...

Qualitas grows team with senior appointments

LAURA MILLAN  |  TUESDAY, 21 APR 2015
Real estate investment specialist Qualitas has appointed a head of compliance and legal, a risk analyst and an investment analyst, bringing the size of the team to 35 people. Head of compliance and legal Ruth McClelland joined Qualitas from K2 Asset ...

FSI submissions close

DARREN SNYDER  |  TUESDAY, 31 MAR 2015
Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ...

Treasury starts consultation for higher advice standards

STAFF WRITER  |  FRIDAY, 27 MAR 2015
Treasury has released a consultation paper and is calling for submissions on ways to lift the professional standards of financial advisers. "Financial advisers play a very important role in Australia, helping consumers to plan for their retirement ...

FEATURE: Understanding mFund

STAFF WRITER  |  WEDNESDAY, 4 FEB 2015
Offering instant diversification, professional management and exposure to assets not easily reached by individuals, managed funds represent a one-stop shop that's suitable for every type of investor. But despite these obvious benefits, the penetration ...

Court approves Premium Income Fund settlement

LAURA MILLAN  |  WEDNESDAY, 10 DEC 2014
... funder of the class action. It has funded Wellington Capital and individual unit holders. PIF was a managed investment scheme that experienced a significant loss of assets, from $966 million in December 2007 to $253 million mid-2010. On April 2009, a ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... Rename 'general advice' and require advisers and mortgage brokers to disclose ownership structures. Managed investment scheme regulation: Support Government's review of the Corporations and Markets Advisory Committee's recommendations on managed investment ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... responsible entity for seven registered managed investment schemes and the trustee for MPF, an unregistered managed investment scheme with about 4,500 investors. More than $400 million was invested in MPF. In total, LMIM was responsible for managing ...

ASIC intervenes non-compliant Aurora listed funds

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
Aurora Funds Management has entered into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC) after the regulator identified compliance failings in some of its listed investment schemes. ASIC is concerned ...