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Showing 241 - 250 of 1867 results for "Authority"

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex Sidoti used a case study at the recent AFCA Member Forum to highlight a grey area that advisers ...

ART adds heavyweights to board

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
... second-largest asset owner early next month. Rowell brings over 20 years of experience at the Australian Prudential Regulation Authority, including 10 years as deputy chair looking after superannuation and insurance before stepping down last year. For ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the review to better understand how the retirement income advice market is functioning, whether advisers ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... our government." The CSLR board in January provisioned for $241 million to fund the Australian Financial Complaints Authority (AFCA) claims between November 2018 and September 2022. The levy is capped at $250 million. The initial levy estimate includes ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
The Australian Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... required to explain the gap and publish an action plan, the report recommends. It also recommended the Financial Conduct Authority and Prudential Regulation Authority drop plans for businesses to report on diversity and set targets. "These proposals ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... underscored by an increased acceptance of Bitcoin by mainstream financial institutions with the UK's Financial Conduct Authority (FCA) approving crypto ETNs this week and spot Bitcoin ETFs being approved by the Securities and Exchange Commission (SEC) ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... report me and our business to the regulators - for being too "erratic" and essentially, for not respecting Hostplus' [authority]."

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... superannuation in 1993, joining the Insurance and Superannuation Commission - now the Australian Prudential Regulatory Authority - to lead the research program developing the first official quarterly super industry surveys. This followed three years ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
The federal court will soon determine if it will approve the $16 million to settle the class action against E&P Financial Group as some victims of Dixon Advisory and Superannuation Services (DASS) are running out of time to make a claim. On 3 April ...