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Showing 171 - 180 of 1867 results for "Authority"

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. This newest update adds data covering firms with four or ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... meet rigorous standards to ensure they deliver for savers, such as needing to be authorised by the Financial Conduct Authority. Governance of the Local Government Pension Scheme will also be overhauled to deliver better value from investment decisions ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... insurance claims at the point of a family bereavement," Bragg said. "It's clear from the Australian Financial Complaints Authority data that there are a lot of super funds that are not doing the right things when it comes to insurance claims. "When ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
The Australian Financial Complaints Authority (AFCA) revealed some of the most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights ...

FCA changes bonds, derivatives transparency rules

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
The Financial Conduct Authority (FCA) has introduced new transparency rules for bonds and derivatives markets and wants to expand payment options for investment research used by institutional investors. The regulator said it is making changes to the ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... conduct failures do not re-occur," ANZ chief executive Shayne Elliott said. Further, the Australian Prudential Regulation Authority (APRA) has also increased the capital penalty over ANZ's non-financial risk management practices. APRA chair John Lonsdale ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
After assessing a large volume of Dixon Advisory complaints, the Australian Financial Complaints Authority (AFCA) warned financial advisers of their responsibilities to manage conflicts of interest under the Conflicts Priority Rule. AFCA senior ombudsman ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... "complex and heavily dependent" on estimates of how many complaints will be resolved by the Australian Financial Complaints Authority (AFCA) and proceeds to the CSLR, said David Berry, the chief executive of the CSLR. It also depends on the inclusion ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... wound up on August 23. ASIC specified that Next Gen must continue its membership of the Australian Financial Complaints Authority (AFCA) until 17 October 2025. Understood to have failed to comply with the above, ASIC cancelled the licence on October ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination on June 28 led to the cancellation of its AFSL and credit licence as the Compensation Scheme of Last ...