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Showing 291 - 300 of 1883 results for "Authority"

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... information given to the public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO 14/541] was first launched in 2013 and aims to provide relief from this section of the ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
The Australian Financial Complaints Authority is seeking feedback on how it should determine compensation that involves financial advice and managed investment schemes (MIS). This includes how AFCA should determine compensation for investors affected ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... It did not inform 22 members that they had the right to take their complaint to the Australian Financial Complaints Authority (AFCA). ASIC further alleges that TelstraSuper failed to operate efficiently, honestly and fairly when it failed to comply with ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... recorded value of Link's Fund Solutions business assets and provisions tied to its settlement with the UK Financial Conduct Authority (FCA). Subsequently, Link will adjust its "accounting treatments" concerning the financial ramifications of the FCA ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints Authority (AFCA), the total number of complaints has fallen 24% year on year to 1468, largely due to the Aboriginal Community Benefit ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority (AFCA). AFCA's latest update details the systemic issues that plague financial services firms but does not name ...

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... Fund Solutions arm to Waystone was first announced in February, after a long battle with the UK's Financial Conduct Authority (FCA) about its role as an authorised corporate director to the LF Woodford Equity Income Fund. In August, Link said it ...

ASFA names acting chief, chair

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... chair. Dransfield is currently a non-executive director of Hollard Insurance and the Australian Financial Complaints Authority (AFCA). He has been both a board member and chair of the Insurance Council of Australia and the Insurance Council of New Zealand ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... flagging concerns around poor disclosure of fees and under-investment in technology. In the letter, the Financial Conduct Authority's director of consumer investments Lucy Castledine outlined "key harms" to consumers the regulator has identified across ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... In the same month, Qualitas secured a second commitment of $700 million from a subsidiary of the Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund now invests a total of $1.4 billion in the Qualitas Diversified Credit Investments (QDCI). ...