Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 291 results for "Managed investment schemes"

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... Queensland directing ASIC to re-register APT Strategy on July 2. APT Strategy provided advice in relation to managed investment schemes (MISs). ASIC estimates 600 retail investors invested about $160 million into MISs run by Australian Fiduciaries since ...

CBA, Colonial First State settle class action for $249m

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
... as a trustee of the funds and CFSI breached its duties as the responsible entity of the underlying managed investment schemes. CBA as the parent company at the time was also allegedly instrumental in CFS's and Avanteos' breaches. The three parties ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes (MISs) in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement ...

New investment governance provider for AFSL launches

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
... governance and bespoke services to assist licensees amid heightened scrutiny as a result of recent managed investment schemes failure. Speaking to Financial Standard, Bhana said the collapses of the Shield and First Guardian Master Funds reflected the ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... individuals and their families." Responding to the high volume of complaints in relation to the collapsed managed investment schemes, AFCA streamlined some 1800 complaints in a lead decision approach late last year to deliver a "consistent and fair" ...

FSC calls for tougher oversight of advice licensees

VINNY VUCAGO  |  THURSDAY, 30 JUL 2026
... licensees, with the vast majority of its membership being made up of large product issuers (such as managed investment schemes). Its proposals should be considered in this light." To support the supposed supervisory uplift, the FSC suggested redesigning ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... 11,000 Australians lost more than $1 billion dollars of their retirement savings in the collapse of managed investment schemes, which were made available to investors through platforms. While Treasury notes in its Enhancing member protections in the ...

Prime Value licence suspended over reporting failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... financial resource requirements and failures to lodge compliance plan audit reports for some of its retail managed investment schemes. While those issues have been rectified, the regulator said the reporting failures warranted regulatory action. Under ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... its schemes. ASIC believes around 600 retail investors had invested approximately $160 million into managed investment schemes run by Australian Fiduciaries since February 2020, predominantly through their self-managed super funds (SMSFs). Australian ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
... advocacy and standards Phill Anderson said much of the increase had been driven by the collapse of managed investment schemes linked to Dixon Advisory, Shield and First Guardian. "Insolvency should not be an easy solution for those who have caused detriment ...
PREVIOUS
NEXT