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Showing 61 - 70 of 282 results for "Managed Investment Schemes"

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... be used as an alternative qualification method will address the core purpose behind this review of managed investment schemes (protecting consumers) while avoiding the negative impact on start-ups as well as avoiding exacerbating wealth inequality," ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... obligations as an AFS licensee in the future. Under the AFSL, Everest had authority to advise and deal in managed investment schemes. "Under the Corporations Act, ASIC may suspend or cancel an AFS licence if a licensee fails to meet its general obligations ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... not kept up with the times. Last August, Treasury conducted a review of the regulatory framework for managed investment schemes (MIS). This included reviewing thresholds for the high-net-worths and product-value classification of investors. SIAA does ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... had as much as $1.685 billion in funds under management. This was held across venture capital funds, managed investment schemes, wholesale property funds, digital asset funds, and wholesale funds management services, among others. To be a CAR, Lanterne ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... maximum compensation amount is $150,000. One major criticism of the CSLR is that it does not consider managed investment schemes (MIS). It also overlooks litigation funding schemes, time-sharing schemes, issues relating to tax treatment, the Corporate ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... accessible, adding that it is a "much safer sandbox" compared to other industries like banking or other managed investment schemes. "If we can't make it work inside of RSEs or inside of superannuation funds, it's going to be incredibly challenging ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... declined, they remain the most prevalent. There is 14,084 advisers with this authorisation, followed by managed investment schemes (13,351) and deposit and payment products (13,078). The least prevalent authorisations are the fore-mentioned foreign exchange ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... penalties are significant and should act as a reminder to directors of responsible entities that operate managed investment schemes that they must act in the best interests of members."

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... (FSC) highlights the case for a mechanism to support broader "modernisation" of superannuation and managed investment schemes. The report suggests current legislative and tax settings are inconsistent in that they support the mergers of whole superannuation ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... Authority is seeking feedback on how it should determine compensation that involves financial advice and managed investment schemes (MIS). This includes how AFCA should determine compensation for investors affected by MIS's that failed or became insolvent. ...