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Showing 471 - 480 of 1883 results for "Authority"

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... intermediation, securities dealing, and credit provision should their case fail with the Australian Financial Complaints Authority. Federal treasurer Josh Frydenberg wants CSLR to commence as soon as possible so that it can start paying claims from 1 ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... of superannuation funds may have knowledge of their trustee's decisions around valuations of unlisted assets or the authority to influence such decisions. Trustees must have effective conflicts management frameworks to prevent the misuse of such information," ...

AFCA appoints senior ombudsmen

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... industry body, internal promotions have seen the appointment of seven senior ombudsmen. The Australian Financial Complaints Authority has created the new role to strengthen its dispute resolution efforts, with senior ombudsmen to work closely with the ...

Exam pass rate steady at 60%

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... stable at 60% but continues to fall below the overall pass rate of 88.5%. The Financial Adviser Standards and Ethics Authority's latest examination statistics show that more than 1300 candidates sat the September exam, which is lower than the average ...

APRA appoints investment risk lead from TCorp

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... regulatory and legal fields across both the private and public sectors. Cole has worked for the UK's Financial Services Authority and more recently was the general counsel and chief risk officer of PwC in the UK and subsequently PwC's global regulatory ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... January 2022, the Financial Services and Credit Panel within ASIC will make the Financial Adviser Standards and Ethics Authority redundant. The FSCP will become the single disciplinary body for the industry by taking on complaints about advisers and ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
The Financial Adviser Standards and Ethics Authority said the advice industry is closer to reaching the professional status it is striving to achieve. This is based on new figures FASEA has released to show that advisers are taking educational qualifications ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... received in relation to the big four banks has fallen over the last financial year, the Australian Financial Complaints Authority (AFCA) said. Complaints about Westpac, ANZ, NAB and Commonwealth Bank fell 7% out of the total 70,510 received in 2020/21 ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... compensation for all financial products and services that fall under the jurisdiction of the Australian Financial Complaints Authority. As it stands, the draft legislation excludes managed investment schemes and the funeral expenses industry which means ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... financial advisers, including tax (financial) advisers. It also winds up the Financial Adviser Standards and Ethics Authority and transfers its functions to the government," she said. The bill passed the House of Representatives on August 4 and is scheduled ...