Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 341 - 350 of 3206 results for "Scheme"

Nest plans retirement income play

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Nest, the UK's largest defined contribution workplace pension scheme by members, will work with WTW and Hymans Robertson to develop a retirement offering. It's estimated that in the coming years one in three UK workers will have pension savings with ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... identify members that do not comply with their obligation to maintain their AFCA membership; if an entity is expelled from the scheme or requests to withdraw membership, AFCA must notify ASIC, ASIC said. Simultaneously, ASIC has cancelled the ASFL of ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
FinClear subsidiary FCX, a platform for facilitating private market secondary transactions, has been granted a "first-of-its-kind" Australian Market Licence and Clearing Settlement Facility Licence by ASIC and the Reserve Bank of Australia (RBA). The ...

ISG ordered to wind up managed investment schemes

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
The Queensland Supreme Court has ordered the ISG Private Access Fund and the ISG Real Estate Equity Fund be wound up. This comes after ISG and its sole director, Benjamin Godfrey, had applied to appoint receivers to the schemes. ASIC intervened in the ...

Platinum quashes Regal bid

ANDREW MCKEAN  |  THURSDAY, 26 SEP 2024
... of due diligence, Platinum's board recommendation of the proposal to shareholders, and entry into a mutually acceptable scheme implementation deed. Any scheme of arrangement would also be subject to customary shareholder, court, and regulatory approvals. ...

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... O'Callaghan and Justice McElwaine in that Daly was an officer of a responsible entity of a registered managed investment scheme and did not act in the best interests of members. Daly, along with Ian Williams, Paul Raftery, and Paul Nielsen, breached ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... three Queenslanders were sent to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The AFP found they submitted several fraudulent applications to access the early release of super by using myGov ...

Super for housing debate heats up

ANDREW MCKEAN  |  MONDAY, 23 SEP 2024
... seems likely too, housing supply fails to keep up with demand. At the report's launch, Eslake said a super for housing scheme would provide little benefit to 'traditional' first home buyers (aged 25-34) as their superannuation balances are typically ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
The Australian Securities and Investments Commission (ASIC) has reissued RG 121 to provide updated guidance to individuals and companies from outside Australia that wish to conduct a financial services business in Australia. The newest version replaces ...