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Showing 471 - 480 of 882 results for "FOS"

Chief economist update: New RBNZ Governor maintains old policy

BENJAMIN ONG  |  MONDAY, 14 MAY 2018
The prevailing global dynamics of tight labour markets and low inflation is not the sole purview of big developed economies. It's happening in the US - the biggest economy in the world (US$18.6 trillion in 2016, according to World Bank estimates) ...

QIC expands executive team, bolsters US footprint

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
QIC has made several executive appointments locally and overseas in an effort to expand its US footprint and client base. Brian Delaney, who was executive director of strategy, clients and global markets, stepped into the newly created role of senior ...

Super fund launches renewable energy investment option

KARREN VERGARA  |  THURSDAY, 3 MAY 2018
Future Super will launch its new investment option later this month, one which targets a 20% allocation to renewable energy and does not invest in fossil fuels. Future Super co-founder Simon Sheikh said Future Super Growth (Renewables Plus) empowers ...

Morningstar creates carbon risk investment tool

DARREN SNYDER  |  WEDNESDAY, 2 MAY 2018
Investors measuring carbon risk in portfolios have a new tool to score carbon exposure across 30,000 funds globally. Introduction of the Morningstar portfolio Carbon Risk Score aims to move beyond carbon footprinting to provide an assessment of carbon ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... Over the transition process, AFCA will work with the Credit and Investments Ombudsman (CIO), Financial Ombudsman Service (FOS) and Superannuation and Complaints Tribunal (SCT) boards. ASIC welcomed the authorisation by O'Dwyer, saying: "AFCA will ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... McMaster published on the Dover website in 2016, criticising the Financial Ombudsman Service. Reading the piece, Costello said: "FOS is unique, in that inexperienced and unqualified non-professional employees form opinions on what experienced and qualified ...

ANU to recalibrate divestment policy

ALEX DUNNIN  |  FRIDAY, 27 APR 2018
Australian National University's long-term investment pool, after mixed performance outcomes from its socially responsible investment strategy, is looking to recalibrate with a series of global mandate appointments. The now $1.3 billion investment pool ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... Financial Ombudsman Service which recommended in February 2017 that Westpac pay $79,322. It was also rejected. In August 2017, FOS re-determined that Westpac should pay approximately $47,000 to reimburse losses made on the sale of their home and a further ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... she'd found in our favour, and all that was left was to determine the appropriate remedy. "Two days later, she disappears from FOS and we get allocated a new case manager who says they've found in favour of Westpac. That's a miscarriage of justice, and ...