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Showing 141 - 150 of 634 results for %22UK Financial Services Authority%22

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
The onset of COVID-19 led to a sharp increase in the number of scam-related financial complaints, according to new data from the Australian Financial Complaints Authority (AFCA). AFCA's half-year statistics revealed scam-related complaints made up 23% ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... failed to ensure investors could redeem their shares on request or that their money was invested sensibly. The UK's Financial Conduct Authority has been copping heat from investors for its sluggishness into investigating the fund, particularly as Woodford ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... on behalf of 10 of his clients. Saad submitted applications for one-off advice fees to Nulis for providing financial services to his clients. ASIC said the services were not provided and the fees were instead rebated to his clients facilitating unlawful ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... business have access to timely decisions by AFCA. "The establishment of AFCA represented significant reform of financial services complaints resolution in Australia," AFCA chief ombudsman and chief executive David Locke said. "We are proud of all that ...

Woodford flags comeback

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... business model and the fitness of its management," he said. The FCA is working in conjunction with the Jersey Financial Services Commission, sharing information about applications Woodford has made to be able to operate. The watchdog is still investigating ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
... sexual harassment and gender discrimination among colleagues has once again shone an unwanted spotlight on the financial services industry, calling into question the sector's treatment of women. Over the past 12 months, sexual harassment in financial ...

Fidelity enters UK advice market

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... retirement services, with plans for further expansion in the future with the addition of estate, tax optimisation and financial planning services. Fidelity said the wealth management arm aims to bring flexibility so customers can select the services ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... she said. Alexander believes a way for ASIC to support advisers in mitigating these issues echo those of the Financial Services Council (FSC): introducing an entry level type of advice and strategic advice. The FSC launched a report by Rice Warner, Future ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... banking capability to sit alongside our Life and Funds Management operations will broaden the ways in which we provide financial security for retirement and will further diversify our distribution channels," Howes said. "Term deposits represent a significant ...

Hume promoted to cabinet

ANNABELLE DICKSON  |  MONDAY, 21 DEC 2020
The assistant minister for superannuation, financial services and financial technology has been promoted to ministry in an expanded role that will see her take on responsibility for the digital economy. Prime Minister Scott Morrison announced Jane Hume ...