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Showing 461 - 470 of 3206 results for "Scheme"

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
Superannuation funds will have a leg up over life insurers and banks once the federal government implements its proposal to expand financial advice. This is according to industry experts who say that super funds are in good stead to bolster the availability ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... the prime minister himself and the secretary of treasury," Taylor said. "For those lucky enough to have a defined benefit scheme, they will enjoy deferred payments and rates of tax set entirely by regulation or legislation. For everyone else, they face ...

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
... two parties have commenced working together on the "integration planning process." Last December, the parties entered a Scheme Implementation Deed (SID) with The Trust Bank in which it will pay $1.2 billion for Link. The scheme is subject to various ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... providing financial services by ASIC; in 2015 - after he had already started sourcing money from investors in this current scheme - another Paladin company Hodgson was director of was found to have failed its obligations as a responsible entity. Exalt ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
The number of financial advisers authorised to advise on managed discretionary accounts (MDAs) has dropped just 6.1% in the past three years, despite the total number of advisers falling much more. According to analysis by Rainmaker Information, there ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... Distribution Obligations (DDO), bans of conflicted remuneration, dispute resolution mechanisms, and access to a compensation scheme of last resort under certain circumstances. "The FSC is urging the government to use a scalpel, not a sledgehammer, when ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
... allowed investors to earn a fixed yield return from crypto-assets, should have been registered as a managed investment scheme, and that Block Earner had provided unlicensed financial services. This is because the Earner product met the definition of ...

Brighter Super adds head of product

ELIZABETH FRY  |  FRIDAY, 9 FEB 2024
... by Kate Farrar early this month. Leading product strategy, Saija had a similar role at Energy Industries Superannuation Scheme (EISS) for the four years to 2017. As head of product there, she led product strategy, development and management of EISS's ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
Keystone Asset Management has been told to stop offering the Shield Master Fund due to concerns about misleading statements and inadequate disclosures in the fund's documentation. ASIC issued interim stop orders against Keystone Asset Management, saying ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). HyperFund's alleged co-founder Sam Lee, who has Australian citizenship ...