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Showing 531 - 540 of 1868 results for "Authority"

Super funds to answer to new APRA enforcer

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... She has worked as managing director of enforcement and financial crime and a board member of the UK Financial Services Authority. More recently Cole worked as general counsel and chief risk officer of PwC in the UK and subsequently PwC's global regulatory ...

WTW wins mandate from NZ government super fund

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
Willis Towers Watson has been appointed to review the New Zealand Government Superannuation Fund Authority (NZ GSFA). Under this appointment, WTW will assess NZ GSFA's investment approach to determine how effectively and efficiently it is performing ...

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
The latest Financial Adviser Standards and Ethics Authority (FASEA) exam had the lowest pass rate yet. A total of 1079 advisers sat the exam, compared to an average of 1323 across all exams. Only 73% of those that sat the January exam passed. The overall ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... contravention from us." "What we would suggest, in a very novel application of the provisions on which there's not much authority, it is - I must tell your Honour, the prospects of us admitting to those contraventions are non-existent at this moment," ...

Local fund manager expands in Asia

KANIKA SOOD  |  THURSDAY, 11 MAR 2021
... may acquire up to 100% of Odyssey via three further options and two call options. Subject to approval from Monetary Authority of Singapore and Securities and Futures Commission in Hong Kong, Auctus will increase the Odyssey stake to 20% (second tranche) ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... ignorance." Legislation is currently on foot that would require debt management firms to be licensed and bring them under the authority of AFCA. However, Remediator says it is not a debt management firm and would not be covered under the legislation. ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... increase in the number of scam-related financial complaints, according to new data from the Australian Financial Complaints Authority (AFCA). AFCA's half-year statistics revealed scam-related complaints made up 23% of the 34,047 new complaints in the ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... investors could redeem their shares on request or that their money was invested sensibly. The UK's Financial Conduct Authority has been copping heat from investors for its sluggishness into investigating the fund, particularly as Woodford claimed that ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... Wealth and was authorised representative of Apogee from 10 April 2012 until 16 October 2017. Apogee revoked the letter of authority in October 2017. The matter has been adjourned to a committal mention hearing on 21 April 2021 at the Magistrates Court ...