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Showing 41 - 50 of 437 results for "Managed investment scheme"

Super funds must improve reporting, audits: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 30 SEP 2025
Registrable superannuation entities (RSEs) must do more to ensure asset valuations in financial reports are reliable and improve disclosure of sponsorship and advertising expenses. Those are two key outcomes of an ASIC review into the financial reporting ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
The Australian Financial Complaints Authority (AFCA) has reinstated United Global Capital's (UGC) membership until 31 March 2026, to ensure consumers can lodge complaints regarding Shield and First Guardian Master Fund. UGC was expelled from AFCA membership ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... "This is a very good outcome for these clients who have been so badly impacted by the collapse of this [managed investment scheme]. Hopefully this will provide relief for them in what has been a very difficult and challenging experience," he said. "We ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... regulator ASIC stays mum about its knowledge or investigation into the potential collapse of another managed investment scheme. A significant event notice sent to investors by responsible entity Cache Group shows that it became aware of "potential financial ...

Shield collapse brings wholesale governance to the forefront

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
The failures of Shield Master Fund and First Guardian Master Fund has pushed governance to the forefront - particularly among wholesale investors, according to Magellan Financial Group. Sophia Rahmani, chief executive and managing director of Magellan ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... Litigation Fund 1 commenced fundraising earlier this month and is structured as an unregistered wholesale managed investment scheme. The fund will invest in a diversified portfolio of litigation funding assets, including class actions and insolvency-related ...

ASIC issues interim stop orders to RELI Capital

RIDDHIMA TALWANI  |  FRIDAY, 19 SEP 2025
ASIC has issued an interim stop order against the RELI Capital Mortgage Fund, a registered managed investment scheme operated by RELI Capital. The regulator said it is to protect consumers and retail investors from acquiring a product not suitable for ...

Perth man found guilty of $34m fraud

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... those proceedings, the Federal Court had, on 7 December 2020 ordered the winding up of the unregistered managed investment scheme operated by Marco and AMS Holdings. The court also ordered that Marco be permanently restrained from carrying on a financial ...

ASIC lands special leave against Block Earner

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... Abraham and Button overturned that ruling. They determined that Earner was neither a financial product, managed investment scheme, or derivative under definitions of the Corporations Act. The grant of special leave is conditional upon ASIC agreeing to ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
In its submission to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR) Special Levy for 2025/26, the Financial Advice Association Australia (FAAA) said financial advisers should not be expected to pay more than the $20 million ...