MANAGED INVESTMENT SCHEME
Financial planning
Following its initial announcement in the October 2022‑23 Budget, the Government is now seeking feedback on the appropriateness of the existing regulatory settings for ma...
Financial planning
The regulatory watchdog has suspended the AFS licence of NWQ Capital Management, trustee of two unregistered managed investment schemes, until January 2024....
Financial planning
ASIC has taken civil action against a company director for alleged unlicensed conduct and operating numerous unregistered managed investment schemes. ...
Financial planning
An unlicensed financial adviser, Monica Kaur, has been permanently restrained from carrying on a financial business and her unregistered managed investment has wound up b...
Financial planning
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the fin...
Funds management
ASIC has outlined the most common mistakes made by funds when creating their target market determinations as well as how many products have been withdrawn from the market...
Financial planning
The Court found the officers of Linchpin Capital Group and Endeavour Securities breached their duties in managing a $17 million managed investment scheme and did not act...
Policy & Regulation
A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class. ...
Financial planning
The Government has announced it will launch a consultation into the regulatory framework for managed investment schemes after several high-profile failures....
Policy & Regulation
The Australian Securities and Investments Commission has commenced Federal Court proceedings against Peter Daly and other current and former directors of Linchpin Capital...
Policy & Regulation
The law, as it stands, around financial services licensing and managed investment schemes was not designed or intended to handle class action litigation funding, accordin...
Funds management
Litigation funders are extracting returns which are 17 times better than you’re likely to extract from the ASX 200 and 10 times better than global hedge fund managers....
Funds management
The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...
Funds management
The Australian Securities and Investments Commission has taken further steps to wind up Chris Marco’s alleged unregistered managed investment scheme....
Funds management
The ASX mFund Settlement Service now boasts the availability of over 200 funds to investors and financial advisers....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...