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Showing 261 - 270 of 1867 results for "Authority"

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... super funds to consider the interests of individual investors in major transactions. He noted that the Panel already has authority to protect stakeholders during takeovers and suggested legislative adjustments to enforce a duty of care towards retail ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving claims in April this year, with an annual ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) has revised the maximum amount consumers can claim for compensation. As of 1 January 2024, the maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... investors - representing 96.1% of the value - voted in favour of the scheme proposed by UK regulator, the Financial Conduct Authority (FCA). If paid in full, the FCA estimates they will receive roughly 77 pence for every pound invested, or $1.47 for ...

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... affordable to everyday people as only 8% of consumers call upon the services of financial advisers. The Financial Conduct Authority (FCA) is looking to rollout "simplified advice" to Britons who have straightforward needs and smaller amounts to invest. ...

CSLR chief executive named

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... Meantime, Delia Rickard has been named as a non-executive director. Rickard also sits on the Australian Financial Complaints Authority (AFCA) board as well as that of Super Consumers Australia, Financial Counselling Australia, and the Ecstra Foundation. ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
The UK's Financial Conduct Authority (FCA) has proposed mandating personal investment firms, commonly known as investment advisers, to pre-emptively calculate and secure sufficient capital for potential redress liabilities. The financial regulator is ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... properties in Australia. No Mayfair 101 clients had made a complaint to ASIC or the Australian Financial Complaints Authority at that time. Mawhinney has accused ASIC of pursuing him unfairly, previously stating that the speed at which the investigation ...

Fidelity International chief exits

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
Anne Richards, the chief executive of Fidelity International, is retiring from her post after five years. Before Fidelity International, she was the chief executive of M&G Investments and Aberdeen Asset Management's global chief investment officer. ...