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Showing 81 - 90 of 149 results for %22Managed Action Plan%22

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
... director's duties for failing to act with the proper degree of care and diligence regarding transactions involving the LM Managed Performance Fund (MPF). Specifically, the case focuses on the conduct of the directors in signing off on a series of loans ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

Movers and shakers

... role of chief information officer (CIO) with a global remit. The company said the move follows increased interest in its managed service offering from across the Asia Pacific region. McCann will help to support and grow this area of the business. He ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
The sharp rise in promoters recommending Australians to use their self-managed super fund (SMSF) to invest in property has led the Australian Securities and Investments Commission (ASIC) to remind property developers that they need a license to operate. ...

G-20 goes for growth

BENJAMIN ONG  |  MONDAY, 24 FEB 2014
... global imbalances and remaining vulnerabilities within some economies highlight that important challenges remain to be managed." They're going for growth: "The G-20 officials said they will develop new measures, while maintaining fiscal sustainability ...

Banned adviser spent client savings on sports car business

MARK SMITH  |  TUESDAY, 19 NOV 2013
... cash on his sports car and motorbike business. According to ASIC, Nakhl advised some clients, including those in self-managed superannuation funds (SMSFs), to send money for him to invest in a high interest rate account on their behalf. The regulator ...

MDAs key to proving value of advice

JAMES FERNYHOUGH  |  FRIDAY, 30 AUG 2013
Managed discretionary accounts (MDA) could be a key area for financial planners wanting to add value to their service offerings in the post-FoFA world, according to Brett Sanders, joint chief executive of Philo Capital Advisers. Sanders said that the ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
... 350 Australians had ploughed approximately $25 million into the Brooklyn Park Organic Olive Groves Bonni-Foi project, a managed investment scheme (MIS) that collapsed when the responsible entity, Australian Green & Gold announced its intention to wind ...

Who will fill the SMSF education gap?

JAMES FERNYHOUGH  |  FRIDAY, 14 JUN 2013
The expansion of the self-managed superannuation fund (SMSF) market is posing new challenges in the education of financial advisers, according to Liz Ward, education manager at the SMSF Professionals Association of Australia (SPAA). Ward said more and ...

PIPA suspends Money Choice director

JAMES FERNYHOUGH  |  MONDAY, 20 MAY 2013
... prejudicial to the interests of the company," he said. Among ASIC's findings was that George had been giving unlicensed self-managed superannuation fund (SMSF) advice. Kingsley said this case highlights ongoing issues within the SMSF sector. "This sector ...