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Financial Planning

ASIC moves to restrain Aloe project financiers

The Australian Securities & Investments Commission (ASIC) has commenced proceedings in the Supreme Court of Queensland to restrain Export Growth Finance Pty Ltd (EGF) from pursuing demands issued to investors who invested in the Australian Aloe Ltd Project.

New appointment at Tower

Tower Australia has appointed John Stanbridge to the position of head of product, extending the raft of changes at the insurance and wealth management group this year.

Macquarie Bank deputy reports retail strategy success

Macquarie Bank deputy managing director Richard Sheppard announced that the Bank is on track with its retail financial services strategy and expects a strong increase in profits for its Financial Services Group (FSG) for the year ended 31 March 2004.

Far from ancient Mariner sails into port

Emerging financial services group Mariner Financial Ltd (MFI) celebrated its launch this week, also announcing the appointment of a core management team to develop the organisation's presence in Australia's growing property and annuities markets.

Navigator survey reveals 'bandwagon' investor behaviour

An analysis released by Navigator today reveals that while general investor behaviour is not as easily explained, performance is a key determinant of inflow shifts between asset classes.

Junior dealer permanently banned by ASIC

The Australian Securities and Investments Commission (ASIC) has permanently banned junior dealer Amber Joy Phelps, of Queensland, from acting as a representative of a dealer or a representative of an investment adviser.

Four sentenced in Wattle investigation

Four men associated with the Gold Coast-based Australasian Management Consultants Pty Ltd (AMC) were today sentenced in the Brisbane District Court, following an investigation by the Australian Securities and Investments Commission (ASIC) into the failed ...

ASIC releases FSR relief applications overview

The Australian Securities and Investments Commission (ASIC) today released an overview of its decisions regarding recent applications for relief from licensing, conduct and disclosure provisions.

S&P assigns AA rating to Macquarie Alpha Plus fund

AAP  |  FRIDAY, 10 OCT 2003
Standard & Poor's today announced that it has assigned its AA rating to the Macquarie Alpha Plus Fund.

New licensing guide for AFS applicants: ASIC

The Australian Securities and Investments Commission (ASIC) today released a new licensing guide following requests for assistance from industry participants.