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Showing 271 - 280 of 437 results for "Managed investment scheme"

SFG growth not affected by FoFA changes

LAURA MILLAN  |  TUESDAY, 25 FEB 2014
SFG Australia has reported a strong half year result, which it says was not affected by the implementation costs of the Future of Financial Advice (FoFA) regulation. SFG operating earnings before interest, taxes, depreciation and amortisation (EBITDA) ...

ASIC: no plans for SMSF balance threshold

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... with respect to real propertyA "was very limited."A However, if the investment was characterised as managed investment scheme then ASIC would cover it. "We've seen property spruikers moving off-shore to avoid attention. If businesses targets SMSF investors ...

ASX managed fund service gets go-ahead

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
The ASX's mFund Settlement Service (mFund), formally known as AQUA II, has cleared the final regulatory hurdle and is provisionally set to launch at the beginning of the second quarter this year. The Australian Transaction Reports and Analysis Centre ...

Accountant guilty of operating 21 unregistered schemes

LAURA MILLAN  |  THURSDAY, 30 JAN 2014
A Melbourne accountant has pleaded guilty to 27 criminal charges including charges of operating 21 unregistered managed investment schemes. Accountant Mark Ronald Letten pleaded guilty following an investigation by the Australian Securities and Investments ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
The Australian Securities Exchange (ASX) has cleared the most significant hurdle on the road to its 'mFund Settlement Service' - the third incarnation of AQUA II - after the Australian Securities and Investment Commission (ASIC) gave it the go-ahead. ...

Government agnostic on portfolio holdings disclosure

JAMES FERNYHOUGH  |  MONDAY, 2 DEC 2013
... However, trustees would not need to look through non-associated entities; if a trustee held units in a managed investment scheme operated by an unrelated entity, the trustee would disclose those units (rather than the assets behind them)." The paper ...

Adviser forced to pay back $684,000

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... Whitting recommended his clients to invest the money in the Blue Diamond Deposits Trust No. 1 (BDT), a managed investment scheme, collapsed in 2010. The former adviser was banned from financial services for four years in May 2011. He pleaded guilty to ...

ASIC concerned about PDS font size, consumer warnings

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
The Australian Securities and Investments Commission (ASIC) is concerned that some providers are adapting to the new shorter product disclosure statement (PDS) by reducing the font size and has solved the issue by establishing the minimum font size ...

ASIC rescues lower risk products from 'hedge fund' label

MARK SMITH  |  FRIDAY, 4 OCT 2013
The Australian Securities and Investments Commission (ASIC) has tweaked its definition of a hedge fund, to reduce the number of products that fall within stricter disclosure requirements. Product providers had expressed concern that some low-risk retail ...

Court freezes LM Investment Management founder's assets

MARK SMITH  |  MONDAY, 30 SEP 2013
LM Investment Management founder Peter Drake has had his assets frozen and been forced to surrender his passport by the Supreme Court of Queensland following an application by the Australian Securities and Investments Commission (ASIC). LM Investment ...