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Showing 71 - 80 of 357 results for "Managed investment scheme"

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

Fresh fundies outperform

ALLY SELBY  |  THURSDAY, 15 OCT 2020
... The fund was backed by a seed investor in July 2018, with Moors and Quinn launching the unregistered managed investment scheme to wholesale and accredited Australian and Singaporean investors in March 2020. While Moors said the investment manager so ...

Lazard launches new fund

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
Lazard Asset Management has launched a new registered managed investment scheme, offering Australian investors access to a US$500 billion asset class. The Lazard Global Convertibles Fund offers exposure to a global portfolio of convertible bonds, with ...

Boutique welcomes operations chief

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
A former executive of Lazard Asset Management has moved to a $10 billion Sydney-based boutique to lead its operations. Melanie McQuire is the new chief operating officer at Maple-Brown Abbott, responsible for the firm's operating and technology ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... Ratings. In response, ASIC has granted new conditional relief to all responsible entities of registered managed investment scheme that are now frozen. Previously, access could only be granted on the basis of financial hardship on a case-by-case basis. ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... when it introduces that increase. Macquarie used to manage the money held in cash accounts through a managed investment scheme which invested in a deposit with Macquarie Bank. From December, cash accounts will be moved to a direct deposit with Macquarie ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... a fresh class action against Bendigo and Adelaide Bank on behalf of investors in the Great Southern managed investment scheme are being finalised this week. EQ Legal director Sasha Ivantsoff told Financial Standard that 850 entities including self-managed ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... oversight. "Litigation funders are currently exempt from holding an AFSL and being categorised as a managed investment scheme," Frydenberg said. "As a result, litigation funders do not face the same regulatory scrutiny and accountability as other financial ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...