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Showing 171 - 180 of 1881 results for "Authority"

Sue Brake joins NZ Super, Lisa Gray departs VFMC

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
... role with a sovereign wealth fund. Brake, a member of the investment and risk advisory panel that advises the Monetary Authority of Singapore, has been appointed to the NZ Super board. As chief investment officer of the Future Fund - and now an independent ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... outlined the fund's response times to complaints made directly to it and through the Australian Financial Complaints Authority (AFCA) amongst other things. The average number of days to resolve a complaint lodged with AFCA was 132 days in the quarter ...

Bain Capital bids for Insignia Financial

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... Financial, be subject to the approval of the Foreign Investment Review Board and the Australian Prudential Regulation Authority." The proposal is subject to several conditions, including satisfactory completion of due diligence on an exclusive basis ...

JANA consultant heads to Qatar

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... pension funds. After five years at JANA, Kishodaran Letchumanan has joined the General Retirement and Social Insurance Authority (GRSIA) - the pension fund for Qatari citizens. The GRSIA has hired Letchumanan as an associate director within the private ...

Funds are 'getting back to basics', says report

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... favourable regulatory environment. Notably, large funds like the Korea Investment Corporation and Abu Dhabi Investment Authority have established a local presence in India this year. In contrast, no funds selected China, down from 23% last year, as geopolitical ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Australian Financial Complaints Authority (AFCA) has announced the completion of a three-year program responding to the 2021 Independent Review of its operations. AFCA said the work had redefined its approach to external dispute resolution. The ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... regulatory activities, so industry can expect to hear more from ASIC on this issue." The Australian Financial Complaints Authority (AFCA) welcomed ASIC's report, saying it provided a "fuller picture of the consumer experience". "The publication of this ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
As the number of AFSL cancellations pile up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... "unfair" and "unsustainable" for the industry. The "but for" methodology is how the Australian Financial Complaints Authority (AFCA) calculates compensation and how it interplays with the Compensation Scheme of Last Resort (CSLR) raised concerns at the ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... have to do face to face or via video." Lead ombudsman for investment and advice at the Australian Financial Complaints Authority (AFCA) Shail Singh told delegates that he has not yet come across complaints involving advice documents produced by AI and ...