Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 251 - 260 of 841 results for "Resolution"

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... AFCA's bureaucracy. "And in a small percentage of these complaints, the complainant refuses to consider a reasonable resolution and seeks to push the complaint all the way to determination," AFCA ombudsman Justin Untersteiner said. "We have been told ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... The conduct is said to have taken place between July 2015 and April 2019, involving AMP Superannuation, AMP Life (now Resolution Life NZ), AMP Financial Planning, AMP Services, Charter Financial Planning and Hillross Financial Services. It is alleged ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... welcomed six ombudsmen to the fold, three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending legal James Taylor will join AFCA's banking and ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... would have accelerated our shared ability to innovate on behalf of clients, but the inability to secure an expedited resolution of the litigation brought us to this point." In connection with the termination of the business combination agreement, Aon ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... meet its obligations," ASIC said in a statement. The licence will continue until August 31 to allow time for a dispute resolution scheme and further arrangements for compensating clients, including professional indemnity insurance. Bevan has applied ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
The corporate regulator has released the internal dispute resolution (IDR) reporting documents including a data dictionary and glossary. Financial firms across the industry will be the first to test the documents in a pilot later this year in what marks ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... establishment of the Compensation Scheme of Last Resort will support ongoing confidence in the financial system's dispute resolution framework by facilitating the payment of compensation to eligible consumers who have received a determination for ...

AMP Life CIO moves to HESTA

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... fund, after a year as chief investment officer at AMP Life, followed by a year as deputy chief investment officer at Resolution Life following the separation and sale of AMP's life insurance business. Before joining AMP Life, Brunton spent more than ...

360 Capital offloads E&P stake

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... company's original offer was conditional on EP1's shares/options plan not getting through at the AGM - but the resolution passed. In December 2020, 360 raised its offer for EP1 shares by 13% to 60 cents per share. Eventually it was unsuccessful ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to external dispute resolution and the National Guarantee Fund, and liquidators access to legal authority for transferring client HINs. The licence's March ...