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Showing 51 - 60 of 220 results for "Managed investment schemes"

EQT bolsters board

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
... they are the beneficiaries of estates and foundations, members of superannuation funds or investors in managed investment schemes." She argued the trustee firm balanced the needs of its clients as well as its shareholders. "While it has a strong balance ...

ASIC suspends Melbourne-based AFSL

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... for the year ending 30 June 2018, lodge reports or compliance plan auditor reports for the registered managed investment schemes it operates or notify ASIC of changes to its external dispute resolution scheme. ASIC added the company has also failed to ...

Equity Trustees renews custody mandate

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... fund accounting, regulatory reporting, compliance and tax services across a range of Equity Trustees managed investment schemes and trusts. State Street Global Services Australia head Daniel Cheever said the new agreement solidifies the business' ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... to have a majority of independent directors with skills and background relevant to the operation of managed investment schemes and IDPS platforms. It must also established an Office of the Responsible Entity (ORE) which will oversee IISL's compliance ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
... under the ATO benchmark rule to the next financial year. What is the 'benchmark ceiling' rule? Any managed investment schemes, including ETFs, must pass a 'holding test' before they can pass on any franking credits earned on their fund's holdings to ...

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
... ASIC flagged that its broader review of the fees and costs disclosure regime for superannuation and managed investment schemes (RG97 Disclosing fees and costs in PDSs and periodic statements) is continuing and will not affect the PYSP requirements and ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... executives of Australian Mutual Holdings - an AFSL holder and responsible entity operating a number of managed investment schemes, including previously managing the Courtenay House Capital Investment Fund. An ASIC investigation revealed that when establishing ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... proposed changes to Regulatory Guide 97 (RG97) aims to improve the transparency around how super funds and managed investment schemes reveal fees and costs to consumers. Included in the submission is what Industry Super Australia says is its key proposal ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... for-profit sector it would mean offering limited personal advice, so that public offer superannuation funds, managed investment schemes and advisers associated with them would be able to provide general advice on their own products, she said. Furthermore ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... general financial product advice on certain deposit and payment products, derivatives, securities and managed investment schemes. "As a result of ASIC's enquiries, Kaz engaged an external consultant to review its compliance framework and provide ...