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

Financial Planning

Unlicensed company stopped from issuing securities

ASIC has prevented Ameya Computer Pty Ltd (Ameya) from offering financial products and conducting a financial services business without an Australian financial services licence (AFSL) after the company was caught advertising 'risk free' returns of 10 ...

HFA accelerates with $75 million retail uptake

HFA Accelerator Plus has closed its fund after attracting more than $75 million from retail investors during a 10 week fund raising period.

Westpoint offers 11 per cent return

Westpoint Management (Westpoint) has announced a special offer regarding the Westpoint Income Fund where investments of $10,000 or more over a fixed three-year term will earn 11 per cent per annum net of all fees.

MGIFTII draws from water well

The Macquarie Global Infrastructure Trust II (MGIFTII) will remain open to receive new applications and will now have exposure to UK water utility company South East Water (SEW) through the wholesale Global Infrastructure Fund II (GIFII).

Educating Mercer

Mercer Investment Consulting has secured another university mandate. Curtin University of Technology Western Australia has appointed Mercer to assist in the management of the University's investment portfolio of over $50 million.

Four members to join FPA board

Four voting members have been elected to the FPA board of directors. The elected directors include Sarah Brennan, Chris Craggs, Corinna Dieters and Leonie Henry.

Four stars for HSBC Chinese Equity Fund

ASSIRT Research (ASSIRT) has given HSBC's new Chinese Equity Fund a four star rating due to the experience of the fund's investment team and the level of stock research for the investment process.

Bogus Insurance Broker pleads guilty

Marcus Anthony has pleaded guilty in the NSW Central Court to fraud and operating as an unlicensed insurance broker.

ASIC halts illegal early release super schemes

The Federal Court has issued permanent injunctions against Nigel McRae, also known as Ross McKenzie, and Stephen Evans for their involvement in illegal schemes arranging the early release of over $3.5 million in Australian superannuation benefits accumulated ...

Over 17 years' gaol for Bo Long investment scheme operators

ASIC has announced the sentencing of Donna Ho to nine years' gaol with a non-parole period of three years after she pleaded guilty to nine charges of dishonestly using over $1.5 million of investors' money, and the sentencing of Mark Sweeney to eight-and-a-half ...