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Showing 561 - 570 of 1883 results for "Authority"

Woodford flags comeback

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... investors that disgraced fund manager Neil Woodford is launching a new venture, WCM Partners. The Financial Conduct Authority was forced to act after Woodford announced that his new investment firm is in the works, reportedly operating out of Jersey. ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... capability to do so if necessary in the future. The MPC therefore agreed to request that the PRA [Prudential Regulation Authority] should engage with PRA-regulated firms to ensure they commence preparations in order to be ready to implement a negative ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
The Australian Financial Complaints Authority has been forced into a rule change regarding its jurisdiction over authorised representatives after a court decision. The NSW Supreme Court ruled in the case of DH Flinders v Australian Financial Complaints ...

Xinja returns deposits

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority began monitoring Xinja's return of deposits, worth more than $252 million, to 37,884 customers on 16 December. The neobank ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
... of her portfolios and corresponded with an external manager without her consent. She claims the move undermined her authority with the external manager. Later, Acosta would "substantially redraft" a paper Escobar prepared for the ANZ P&I investment committee ...

Fidelity enters UK advice market

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
... progress is being made in the region to increase access to advice, more needs to be done. "The UK Financial Conduct Authority noted the progress made in closing the UK's advice gap in recent years, however, has stressed there is still significant work ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... policy wording issues, losing its appeal bid in the High Court. The test case was launched by the UK Financial Conduct Authority (FCA) to resolve legal issues concerning the interpretation of common business interruption policy wordings, in relation ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... (based on worldometers.info data), Australians could afford to wait for the jab. Latest Australian Prudential Regulation Authority (APRA) figures indicate that there's more than A$200 billion in savings - A$113 billion in household banking deposits ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... agree with), and that the fund disclosed their personal information to lawyers and law firms for whom WG had revoked authority by that time. "The complainant [WG] emailed notices to the respondent [AustralianSuper] advising that the complainant had revoked ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... interpretation under FASEA and ASIC's own regulation and can be reinterpreted by the Australian Financial Complaints Authority. "But any guidance that would give an adviser and the licensee more confidence that they can speak freely in a statement of ...