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Showing 361 - 370 of 1867 results for "Authority"

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... Link Fund Solutions Limited; it appointed Macquarie Capital and UBS Securities as advisers. The UK Financial Conduct Authority (FCA) approved a Dye & Durham takeover of Link, but this acquisition was subject to a requirement that funds were made available ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... borrowing arrangements (LRBAs) that could put their retirement savings at risk. The Australian Financial Complaints Authority (AFCA) and ASIC remain concerned about inappropriate advice to SMSFs. ASIC identified concerns about SMSFs taking advice encouraging ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... also flagged new requirements relating to the transfer of MySuper product assets, in the event of cancellation of an authority to offer a MySuper product. The discussion paper noted that RSE licensees can struggle to take prompt and proportionate action ...

ASIC bans married duo from providing financial services

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... delegate was satisfied there was evidence that Richard Marshall withdrew money from a deceased client's estate without authority. He then failed to refund the money to the deceased's estate when requested to do so. ASIC concluded that Richard Marshall's ...

Former DASS clients flood AFCA with complaints

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
The Australian Financial Complaints Authority has received more than 1600 complaints from former clients of Dixon Advisory and Superannuation Services, warning complainants to expect delays in dealing with their case. On August 3, ASIC publicly urged ...

Government enshrines new rule for Aussie Bitcoin owners

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... Bitcoin as legal tender last year. Of note, the exclusion doesn't apply to digital currencies issued by, or under the authority of, a government agency, which continues to be taxed as a foreign currency. As previously reported by Financial Standard ...

Nuveen to acquire Arcmont Asset Management

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... Dyal Capital Partners IV. The transaction is expected to close in the first half of 2023, subject to Financial Conduct Authority (FCA) and other regulatory approvals.

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... including Court action, for serious breaches." Meanwhile, earlier this week, the UK regulator, the Financial Complaints Authority (FCA), has proposed a package of measures including investment product sustainability labels and restrictions on how terms ...

Advisory group appoints head of investment strategy

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2022
... based in Sydney. He was most recently head of treasury at the Emirates' Sovereign Wealth Fund, Abu Dhabi Investment Authority where he was involved in running portfolios and selecting managers. Other previous roles include as a portfolio manager for ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... as advisers. As previously reported by Financial Standard, in September, Link announced that the UK Financial Conduct Authority (FCA) had issued a draft warning to Link Fund Solutions about its role as an authorised corporate director to the LF Woodford ...