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Showing 571 - 580 of 1868 results for "Authority"

AFCA pivots to member experience

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
The Australian Financial Complains Authority (AFCA) is placing a higher emphasis on member experience following an increase in its membership base, two years on from its launch. In its first two years, AFCA's membership has grown to 40,000 members across ...

APRA reduces CBA capital requirement

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Australian Prudential Regulation Authority (APRA) has made the decision to reduce Commonwealth Bank's additional capital requirement by half after improving governance concerns. The $1 billion capital add-on has been halved to $500 million with ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... was unusual, he admitted, was drawing the discrepancies to the attention of Treasury rather than to the accountable authority (that is because ASIC is the accountable authority). In five years with the ANAO, this was the first time Hehir had written ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... Hopkins and QWL began in 2019 in response to allegations that QWL had failed to assist the Australian Financial Complaints Authority in resolving client complaints. In November 2019, ASIC obtained orders restraining Hopkins and QWL from dissipating assets ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase in the monthly ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
The UK's Financial Conduct Authority (FCA) has banned three people from working in financial services due to sex offences they had committed. The FCA's decision to ban the three individuals comes after Megan Butler, executive director of supervision ...

Retail super offerings in successor fund transfer

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
... Super. Notifying members of the various plans, Diversa said it has been working with the Australian Prudential Regulation Authority (APRA) to ensure they funds have sufficient scale. "There have been a number of regulatory changes to superannuation ...

EQT names chair, compliance member

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
... strategy committee and a member of the audit committee. He is currently a director of the Victorian Managed Insurance Authority and the Melbourne Symphony Orchestra. Equity Trustees RECC chair Anne O'Donnell thanked Williams for her contribution as a ...

ASIC's Chester spills Crennan truth

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... an email on 5 February 2020 with an update on the progress that ASIC staff had made in reporting to the Accountable Authority. Further to this, Chester confirmed Crennan was made aware of the issues with the payments at the time ANAO raised concerns ...

NZ looks to recognise qualified Aussie advisers

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... country's qualifications as early as 15 March 2021. New Zealand's financial services watchdog the Financial Markets Authority (FMA) is proposing to recognise Australian advisers who demonstrate competence, knowledge and skills according to its Code of ...