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Showing 41 - 50 of 104 results for %22MCG Trust%22

Mandatory FOFA start date confirmed for July 2013

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
... good to see that the collective efforts of the AFA and the financial services industry have seen common sense prevail. We trust this spirit of compromise, which is so necessary for the implementation of good policy, will continue," said Richard Klipin ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
APRA has accepted an enforceable undertaking from a sixth former director of Trio Capital. John Godfrey was a non-executive director of Trio between February 2005 and June 2007, as well as being chair of the board from June 2005 to February 2007. Godfrey ...

ASIC bans Victorian adviser

CLAIRE MCGREAL  |  FRIDAY, 2 MAR 2012
... contrary to financial services laws when he made unauthorised transfers of client money from their Macquarie Cash Management Trust accounts into his own bank accounts. The total amount of $208,688 was used to pay off personal debts and to purchase shares ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
Opt-in, annual fee disclosure and best interest remain the sticking points for industry bodies following yesterday's release of the Parliamentary Joint Committee report on FOFA. The 220 page report, which took into account over 70 submissions from concerned ...

Social media an important tool for advisers

CLAIRE MCGREAL  |  WEDNESDAY, 29 FEB 2012
... relevant to their business and clients, but also urged a personal angle. "People do business with people they know, like and trust. These tools help more people get to know you." When it came to tone, Young said it was a "no brainer". "It has to be conversational. ...

SMSFs the new retail

CLAIRE MCGREAL  |  FRIDAY, 24 FEB 2012
The SMSF market is an untapped resource for many advisers who should capitalise on the growing popularity of self managed super funds. That's according to Alex Francois, head of distribution, investments at Provident Capital, who believes SMSFs are ...

Stonger Super second tranche amendments released

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
The government has released amendments to the second tranche of the Stronger Super legislation. This includes expanding the covenants for registrable superannuation entity (RSE) licensees, applying new trustee duties to trustees of an RSE that offers ...

Orchard changes name to re-brand

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
... funds this year, namely the Arena Property Fund (formerly Orchard Diversified Property Fund), Chevron Renaissance Property Trust and Arena Office Fund (formerly Commercial Office Fund). Arena will continue to manage 14 property investment funds, seven ...

ASIC brings criminal charges against SMSF adviser

CLAIRE MCGREAL  |  WEDNESDAY, 15 FEB 2012
A New South Wales SMSF adviser has appeared in court, charged with obtaining money by deception and of making a false or misleading statement to ASIC. The investigation into Craig Gerard Dangar relates to his time as an adviser at SMSF Consultants in ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
More than $54 million in compensation is set to be pumped into the super accounts of over 5,000 people whose retirement savings were defrauded in the collapse of Trio Capital from today. The government is granting the financial assistance to members ...