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Showing 551 - 560 of 1885 results for "Authority"

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 ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... Strathclyde, West Yorkshire, and West Midlands account for nearly 25% of the total investments. Meanwhile, the three local authority pension funds with the largest percentage of their assets in fossil fuels are Teesside, Dyfed and Dorset, all of which ...

Government fund names new chief executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... 1990 to provide super benefits to employees and former employees of Airservices Australia and the Civil Aviation Safety Authority (CASA). It went public offer on 1 July 2005 and currently has more than 6500 members.

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
The Financial Adviser Standards and Ethics Authority (FASEA) has issued a reminder to financial advisers that their time to sit and pass the exam is ticking by. There are just five exam sittings remaining for existing advisers to pass the exam. After ...