Sterling Income Trust

Financial planning

Former dealer group Libertas seeks to exit EDR scheme

Former dealer group Libertas Financial Planning has given notice to AFCA to cease membership of the body’s external dispute resolution scheme, meaning victims will no lon...

Financial planning

Millions of consumers put at risk from wholesale investor test

The FAAA is concerned about consumers without the necessary knowledge to invest in managed investment schemes being classified as wholesale investors, as the number of pe...

Policy & Regulation

A torrid timeline of Sterling Income Trust

As three directors face multiple criminal charges for their involvement in Sterling Income Trust, four years after it collapsed, Money Management reflects on Sterling’s t...

Policy & Regulation

Multiple criminal charges laid on three Sterling directors

Three directors connected to the collapse of managed investment scheme Sterling Income Trust have been charged with multiple criminal charges, four years after its collap...

Policy & Regulation

Should MIS review single out property schemes?

A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class. ...

Funds management

ASIC’s intervention pace on Sterling was ‘reasonable’

The corporate regulator’s chair has argued that while it could have acted more quickly and could have published a media release more energetically on the Sterling case, i...

Policy & Regulation

‘Novelty’ not a regulatory risk for ASIC

‘Novelty’ financial products are unlikely to see a higher regulatory scrutiny in the future as it is too hard to determine what that definition covers, according to the A...

Policy & Regulation

Would ASIC’s DDO, product intervention powers have stopped Sterling collapse?

The corporate regulator’s product intervention powers would not have provided a faster solution but its design and distribution obligations could have led to a stop order...