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Showing 421 - 430 of 1868 results for "Authority"

Regulators fret over hobby traders

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... through capital markets is a positive development for the overall economic progress". It cites a UK Financial Conduct Authority paper which found that many consumers would benefit from investing a portion of savings rather than simply holding cash - ...

Government adds to FRAA leadership

JAMIE WILLIAMSON  |  TUESDAY, 15 MAR 2022
The chair of law firm Allens has been appointed to the Financial Regulator Assessment Authority by the Morrison government. Fiona Crosbie becomes a member of the FRAA from March 21, appointed for a period ending 14 September 2026. The FRAA is the independent ...

AFCA consults on funding

ELIZABETH MCARTHUR  |  THURSDAY, 10 MAR 2022
The Australian Financial Complaints Authority is consulting with financial firms on a new user-pays funding model. Under the proposed model AFCA estimates that 90% of its members would see a positive or neutral impact on total cost and one in five members ...

ASIC sets adviser exam dates

KARREN VERGARA  |  WEDNESDAY, 9 MAR 2022
... on record. The exam, which were the last to be administered by the now-defunct Financial Adviser Standards and Ethics Authority, saw 52% of the 2129 advisers successfully pass. ASIC took over FASEA's remit on January 1. The pass rate continues to ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... continue to push for expanding the CSLR's jurisdiction to reflect the remit of the Australian Financial Complaints Authority. "Victims of financial misconduct who have received a determination from AFCA deserve access to compensation if their determination ...

Blackstone agrees $8.9bn deal with Crown

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... approval, the deal still requires approval from the Foreign Investment Review Board (FIRB) and each gaming regulatory authority.

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... 2001 and have not consented to participate in relevant remediation processes with the Australian Financial Complaints Authority. ASIC is also looking into the recommendation of establishing a framework that promotes greater awareness and understanding ...

APRA to continue scrutiny of trustees

JAMIE WILLIAMSON  |  WEDNESDAY, 2 FEB 2022
... Transfers and Wind-ups with a view to developing new requirements to apply from 2023 in the event of cancellation of an authority to offer a MySuper product, it said. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) and associated ...

ASFA names new chair

KARREN VERGARA  |  WEDNESDAY, 2 FEB 2022
... who will retire from the role. Dransfield is currently a non-executive director of the Australian Financial Complaints Authority and Hollard Insurance. He led the Insurance Council of New Zealand for four years is the former chief executive of Suncorp's ...

Korean pension fund spends in Sydney

JAMIE WILLIAMSON  |  TUESDAY, 1 FEB 2022
... Bank Place, also known as Darling Quarter. The two paid $630 million for the stake, buying from Abu Dhabi Investment Authority. Lendlease retains its 50% stake. The entire office component of the asset is leased to Commonwealth Bank. The total net lettable ...