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Showing 381 - 390 of 1301 results for "Road"

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

AFCA gets 1450 complaints a week

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The Australian Financial Complaints Authority has received 1450 complaints every week so far this financial year. This number has AFCA on track to beat its previous record. In July, after six months in operation the authority had received just over ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... ASIC to develop a listing framework that would allow it to not just trade ETFs but also to list them. "It's been a long road but we are now ready to list not just one, but multiple ETFs that will be unique to Chi-X," Jokovic told Financial Standard. ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment ...

UniSuper appoints chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
The $80 billion superannuation fund has appointed a former NAB general manager as its first chief operating officer. Kevin Roadnight will join the UniSuper executive team in the newly created role to lead its finance and legal and governance functions. ...

Life industry steps toward trust

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
Two industry groups have partnered to create a new life insurance standards framework. The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Life Insurance Professional Standards Working Group (LIPSWG) have come together ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
CommInsure has been charged with 87 counts of making unsolicited telephone calls to sell life insurance, and faces up to $1.8 million in penalties. ASIC is alleging the Commonwealth Bank subsidiary unlawfully sold life insurance policies over the phone ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
... but to cut interest rates soon and twice. But enough of shoulda, woulda, coulda. It's all water under the bridge. The road ahead is what matters more. As RBA Governor Lowe explained, "The Board took the decision to lower interest rates further today ...

Get on top of non-financial risk: ASIC

HARRISON WORLEY  |  WEDNESDAY, 2 OCT 2019
A new ASIC report reveals company boards need to apply more focus and urgency to non-financial risk. ASIC's Director and officer oversight of non-financial risk report shows company management operates outside of board-approved risk appetites for ...

Big Super Day Out success, but more to be done

HARRISON WORLEY  |  THURSDAY, 19 SEP 2019
The First Nations Foundation's 2019 Big Super Day Out reconnected more than $9.5 million in superannuation with Indigenous Australians. Taking off in July, the Indigenous-led super roadshow hit Darwin, Kununurra and Broome before heading to East Arnhem ...