The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 31 - 40 of 53 results for "TMD"

Regulator issues interim stop orders

JAMIE WILLIAMSON | MONDAY, 9 JAN 2023

... is concerned that certain risks and features of the Pivotal Diversified Fund in producing the target market determination (TMD). The fund invests in various managed funds, including hedge funds, a fund invested in residential and commercial real estate ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI | FRIDAY, 16 DEC 2022

... to take reasonable steps to ensure that it distributes financial products consistent with the target market determination (TMD) for each product. ASIC has alleged that in marketing and distributing High Livez to term deposit holders, Firstmac failed ...

Target market determinations have improved: ASIC

ANDREW MCKEAN | WEDNESDAY, 14 DEC 2022

ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ...

ASIC launches civil action against American Express

CASSANDRA BALDINI | TUESDAY, 6 DEC 2022

... co-branded with retailer David Jones (the credit cards). Under the DDO, Amex was required to make a target market determination (TMD) describing who the credit cards would be appropriate for and how the cards should be distributed. The DDO also requires ...

ASIC hands out more interim stop orders

CHLOE WALKER | MONDAY, 5 DEC 2022

... it from issuing interests in, giving a prospectus for, or providing financial advice to retail clients under the existing TMD. ASIC considered that the TMD for APS Savings did not adequately describe the objectives, financial situation and needs of consumers ...

Stop orders slapped on two Perpetual funds

JAMIE WILLIAMSON | FRIDAY, 25 NOV 2022

Dodgy target market determinations (TMDs) have seen ASIC place interim stop orders on two Aussie equities funds from Perpetual. Perpetual cannot offer or distribute the Perpetual Pure Microcap Fund or Perpetual Geared Australian Share Fund for the next ...

Property trusts hit with stop orders

CHLOE WALKER | TUESDAY, 22 NOV 2022

MPG Funds Management Limited (MPG) has been banned from offering or distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing ...

ASIC issues more stop orders

CHLOE WALKER | THURSDAY, 10 NOV 2022

... which potential investors were told to contribute a minimum of $25,000 for a term of 72 months, Finnia had not prepared a TMD. It did so only after ASIC reached out. According to ASIC, Finnia's TMD should have included investors who were wanting to invest ...

Westlawn Financial Services cops stop orders

CHLOE WALKER | MONDAY, 24 OCT 2022

... high-risk. According to ASIC, Westlawn did not appropriately consider its target market for the fund, which, according to the TMD, includes investors with a tolerance for a moderate level of risk, needing liquidity or needing to make withdrawals during ...

ASIC issues stop orders on Holon funds

CASSANDRA BALDINI | MONDAY, 17 OCT 2022

ASIC has placed interim stop orders on Holon's unlisted Bitcoin, Ethereum, and Filecoin funds due to non-compliant target market determinations (TMDs) just months after their launch. The regulator has prevented Holon from offering or distributing them ...

PAGE:

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

Maintaining a fundamental focus in a world obsessed with the short term

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Strength amid noise

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Follow the leaders

A guaranteed future

The market has changed. The opportunity hasn't.

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE