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Showing 751 - 760 of 3206 results for "Scheme"

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

Link enters UK pension market

ANNABELLE DICKSON  |  THURSDAY, 25 NOV 2021
... from the technology-led solutions and robust, scaled solutions that Link Group brings." In Australia, one in three pension scheme members are supported by Link Group on behalf of its clients. "The pensions administration market in the UK has been under-invested ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... to take action. And the Parliament might too," Hume warned. Elsewhere in her speech, Hume assured that the Compensation Scheme of Last Resort does not let banks off the hook. CSLR, which covers unpaid compensation awarded as a result of misconduct relating ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
A fake bond scam run has allegedly defrauded self-managed super fund members of $2.8 million. Richard Emil Ayoub, an American national, allegedly funnelled the money into Bitcoin between March and August 2021 after promoting it to investors as a fixed ...

£450bn in inflation-linked UK DB liabilities unmatched

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
New analysis from Alpha Real Capital, a specialist income manager, suggests that £450 billion of inflation‐linked liabilities belonging to UK defined benefit pension schemes are unmatched. Alpha's analysis showed that higher inflation risks have ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... reforms making their way through the Parliament, including the introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," treasurer Josh Frydenberg and senator Jane Hume said at the time.

Bitcoin exposure added to platform

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
... to wholesale investors through the Powerwrap product suite. MBF provides access to a pure bitcoin fund via an IDPS-like scheme, supported with complementary research and education. The Fund targets nearly 100% allocation to bitcoin and securely stores ...

IFM consortium to take over Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 8 NOV 2021
... including IFM Investors, Global Infrastructure Management, QSuper and AustralianSuper has offered $8.75 per share via a scheme of arrangement. The offer values Sydney Airport's equity at around $23.6 billion and is an increase on the consortium's initial ...

ASIC bans adviser over Linchpin, Endeavour fund

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
... funds from existing financial products into the fund, ASIC said. In 2019, the Federal Court also ordered the registered scheme operated by Endeavour and the unregistered scheme operated by Linchpin, the Investport Income Opportunity Fund, be placed into ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
An unlicensed financial services firm that allegedly misappropriated $5.7 million from self-managed superannuation fund members is in the process of being shut down by ASIC. ASIC obtained interim orders and injunctions from the Queensland Federal Court ...