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Showing 11 - 20 of 1899 results for "Authority"

Tribunal affirms InterPrac, FSGA adviser bans

MATTHEW WAI  |  FRIDAY, 11 SEP 2026
... and First Guardian between July and August 2023. FSGA is currently in liquidation. The Australian Financial Complaints Authority recently finalised its lead decision for the business, finding that the firm provided inappropriate advice that led to financial ...

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention ...

ASIC, APRA urge finance sector to demonstrate AI threat response

VINNY VUCAGO  |  FRIDAY, 28 AUG 2026
... recovery arrangements as key areas of focus. Boards and executives were also urged to establish risk appetite, escalation authority, recovery priorities and communication strategies before a crisis, given frontiers AI could compress incident response ...

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... The Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward. AFCA today announced APT Strategy, which is in liquidation, is once again ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... InterPrac to pay the sums, which were calculated based on determinations set by the Australian Financial Complaints Authority (AFCA), in a holding account with the Federal Court. Melinda Kee lost $380,000 of her retirement savings when she invested it ...

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... Australians are set to retire over the next decade and look for personalised advice. Australian Prudential Regulation Authority (APRA) data shows industry funds recorded net outflows of $15.8 billion in the four quarters to March 2026, as members increasingly ...

Former director jailed for misuse of $1.75m

VINNY VUCAGO  |  TUESDAY, 11 AUG 2026
... accounts. At the time, he was aware the company was in a dire financial position, with Australian Financial Complaints Authority determinations against the business exceeding $1 million and clients awaiting refunds totalling about $11.3 million. One ...

ASIC suspends AFSL of GFA Capital Markets

RIDDHIMA TALWANI  |  THURSDAY, 6 AUG 2026
... is suspended, GFA can continue to operate for the limited purposes of maintaining its Australian Financial Complaints Authority (AFCA) membership, holding professional indemnity insurance, and complying with written notices issued by ASIC. "Prior to ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... investment and advice complaints have seen the steepest increase in FY26, data from the Australian Financial Complaints Authority (AFCA) shows. AFCA received a record 119,949 complaints in the 12 months to June end, the highest number on record and the ...

Insignia divests Antares Capital, Fairview stake to Janus Henderson

KARREN VERGARA  |  FRIDAY, 31 JUL 2026
... Henderson finalised its own take-private transaction led by Trian Fund Management, General Catalyst and Qatar Investment Authority, positioning the firm for its next phase as a privately held asset manager. Janus Henderson's ordinary shares have been ...