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Showing 1 - 10 of 2785 results for "Scheme"

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks. Rawson Lewis specialises in advising and structuring public capital markets transactions, including IPOs rights issues and placements, as well ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... trigger a 9% or $75,000 increase in median house prices in Australia's major capital cities. It warned that an uncapped scheme would lead to an even greater property price surge and cost future taxpayers billions in higher pension costs. The Association ...

Antipodes acquires boutique manager

KARREN VERGARA  |  MONDAY, 29 APR 2024
... access to their homeland's investment markets. In response, they set up the Premium China Fund, a managed investment scheme which invests in companies listed in Hong Kong, Mainland China, and Taiwan, among others.

AFM Investment Partners brings new feeder fund to Australia

ELIZA BAVIN  |  MONDAY, 29 APR 2024
German renewable infrastructure specialist KGAL Real Investments has joined forces with AFM Investment Partners to bring Australian investors access to two impact funds. The feeder fund will give Australian investors access to KGAL's two impact funds ...

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... taking part in the class action in applying to the complaints authority seeking further redress under the Compensation Scheme of Last Resort (CSLR). Following further correspondence required by the judge, it was found that "each relevant complaint will ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... clients away from Powerwrap. In its March quarterly update, Praemium chief executive Anthony Wamsteker said the Powerwrap scheme experienced $53 million in new outflows for the quarter. "This was a significant retreat from the elevated $334 million in ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... allowances in superannuation calculations for some members of its Transport Superannuation Fund - a closed defined benefit scheme exclusive to employees of a transport authority who joined between 1 July 1988 and 31 December 1993. In some cases, ESSSuper ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... about any proposed sanctions," the regulator said. Last February, UK courts approved a £230 million ($442m) compensation scheme for the victims of WEIF. FCA joint executive director of enforcement and market oversight Therese Chambers said: "Link Fund ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... a years-long battle with ASIC now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment, Mawhinney ...
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