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Showing 1061 - 1070 of 4503 results for "Case"

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. AFCA received feedback from financial institutions, particularly small to medium ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... allegations it contravened the Corporations Act in its work for startup super fund MobiSuper. In N ovember 2019, ASIC filed a case against MobiSuper, Andrew Richard Grover and Tidswell in the South Australia Federal Court alleging Tidswell had failed ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... of visibility on what they are investing in and how those investments are performing." It is only when ASIC wins a court case that advisers can partially recovery the costs. Between FY19 and FY21, total costs have shot up from $33 million to $71 million. ...

Super fund chair outlines future strategy

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
Catholic Super and Equipsuper's Danny Casey has told Financial Standard of the funds' increased commitment to ESG and plans to double membership, as he settles into the role of chair. Speaking with Financial Standard just weeks after taking ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... regulatory approval in the US. The US Department of Justice had been opposed to the merger, and Aon chief executive Greg Case said the company eventually met an impasse with the regulator. "The DOJ position overlooks that our complementary businesses ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... with AMP Australia chief executive Scott Hartley declining to comment on how the changes announced today will influence that case.

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
The Delta variant outbreak remained the focus of attention in Australia. The daily case of infections in Greater Sydney surged to 136 on Friday (July 23) - the highest number since the this year's outbreak - prompting the NSW premier Gladys Berejiklian ...

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... and that financial advisers would not be expected to pick up the cost of product failures. Unfortunately, that is not the case," the association said. The scheme has a $250 million annual cap. "The amount is considered high enough to fund claims for ...

Get your ducks in a row before you think of an IPO

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
For small financial firms looking to list on the ASX, ongoing regulatory action may be a deal breaker to going public, according to HLB Mann Judd partner Marcus Ohm. Ohm says an undertaking with APRA or ASIC can preclude a wealth, funds management or ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
The Delta variant that's doing the rounds in Greater Sydney crossed the Victorian border last week - prompting a five-day lockdown in the state at about the same time that NSW imposed tighter restrictions. Previous to this and conducted "through ...