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Showing 541 - 550 of 1883 results for "Authority"

Hume expands portfolio

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... Protecting Your Super Package and extending the time for advisers to complete the Financial Adviser Standards and Ethics Authority exams and winding it down to introduce a single disciplinary body. In welcoming the new taskforce Hume is to help steer ...

Multi-boutique adds partner

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... London-based private markets manager. Pacific Current Group (PAC) has received approval from UK's Financial Conduct Authority (FCA) to invest in Astarte Capital Partners, after entering a purchase agreement on December 24. PAC is paying GBP4.4 million ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... have been left to their own devices, partly due to Mayfair not being a member of the Australian Financial Complaints Authority (AFCA). A spokesperson for AFCA told Financial Standard Mayfair is not a member and therefore the body cannot accept complaints ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... licensing system, with more than 1700 transitional licences approved and nearly 1000 authorised bodies," Financial Markets Authority director of market engagement John Botica said. "Anyone who is not operating under a transitional Financial Advice Provider ...

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," ...