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Showing 561 - 570 of 3206 results for "Scheme"

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Court has ordered Ascent Investment and Coaching to be wound up following ASIC's investigation into a $149 million Ponzi scheme. ASIC froze the assets of Ascent and its director Michael Dunjey in late December 2021. Dunjey was also forced to surrender ...

UK's Nest switches investment chief

CHLOE WALKER  |  FRIDAY, 21 APR 2023
... years' worth of investment experience. Previously, Fernando served as head of equities at the Universities Superannuation Scheme (USS). She's also an investment advisor to the British Coal Staff Superannuation Scheme's Investment Sub-committee and a ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... said it won't be to ensure shareholders receive as much as possible. As part of the settlement and conditional on the scheme, Link Group has agreed to contribute to LFSL all of the available consideration to be received from the Waystone Group under ...

Fraudster sentenced to eight years behind bars

CHLOE WALKER  |  MONDAY, 17 APR 2023
... million from investors between 2008 and 2010. Last year, Silver pleaded guilty to misappropriating $1.815 million from the scheme companies by transferring funds to his personal bank account, making payments to company employees and paying returns to ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... apply to withdraw their savings to put towards buying their first home to live in, provided they've been a member of the scheme for three years or more and leave at least NZ$1000 in the account.

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... ombudsman, David has met the challenge of bringing together three separate dispute resolution bodies to build a new, world-class scheme," AFCA chair John Pollaers said. "He has also led the organisation through a period of significant growth in complaints ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... sell their homes if they didn't want to. They could draw down against the equity in their home, via the Home Equity Access Scheme (HEAS). If their home equity dropped to the threshold, then they would qualify for the pension, so they would still be left ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... and one count of securities fraud, which carries a maximum sentence of 20 years. "As alleged, Javice engaged in a brazen scheme to defraud JPMC in the course of a US$175 million acquisition deal. She lied directly to JPMC and fabricated data to support ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Investport Income Opportunity Fund. Endeavour was a subsidiary of Linchpin. It was RE of a registered managed investment scheme called the Investport Income Opportunity Fund, while Linchpin operated an unregistered scheme of the same name. About $17 ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... to provide income for retirement, Grattan said, adding that it is currently set up as a "a taxpayer-funded inheritance scheme". Grattan calculates that nearly 90% of super tax breaks are enjoyed by the top 20% wealthiest retirees. Super tax breaks amount ...