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Showing 631 - 640 of 886 results for "FOS"

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
The Australian Securities and Investments Commission (ASIC) is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank ...

AMP Capital trims global infrastructure equity team

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
The latest restructure at the AMP Capital global infrastructure equity team has resulted in three redundancies among the fund manager's top ranks. AMP Capital head of infrastructure for Australia and New Zealand Paul Foster will leave the business ...

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...

Fossil fuel divestment gathers pace

ALEX DUNNIN  |  TUESDAY, 13 JAN 2015
The fossil fuel divestment push is gathering pace, this time with 295 faculty members of Stanford University in the US writing to its board of trustees asking them to divest its $25 billion endowment fund from the investment sector. The Stanford University ...

Government repeals Palmer FoFA changes

LAURA MILLAN  |  WEDNESDAY, 17 DEC 2014
The government has repealed the Palmer United Party's (PUP) proposed changes to the Future of Financial Advice (FoFA) legislation and grandfathering amendments have become law. The registration of the grandfathering provisions will see these regulations ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
This year has been another busy one for the financial servives industry. FoFA remained on the radar and the Financial System Inquiry has the potential to change things in a big way. The Financial Standard team takes a look at the issues that made waves ...

Solve super tax inequity, says Murray

JAMES FERNYHOUGH  |  THURSDAY, 11 DEC 2014
The upcoming tax white paper must redesign the taxation of superannuation so that it no longer disproportionately favours wealthy people, according to the Financial System Inquiry final report. The white paper, which is due to be drawn up next year ...

RI sector outperforms ASX 300: Lonsec

JAMES FERNYHOUGH  |  MONDAY, 20 OCT 2014
The responsible investment (RI) sector has outperformed the ASX 300 over one and three year periods, according to Lonsec's Australian & Global Equity Responsible Investment Sector Review. The report revealed that Lonsec's Australian equity RI peer group ...

Super squabble beyond the joke: Taxpayers Australia

MARK SMITH  |  FRIDAY, 17 OCT 2014
The infighting between bodies representing the retail and industry sides of superannuation is detrimental to members' interests, according to Taxpayers Australia. The not-for-profit advocacy group said the battle "would be amusing if the consequences ...

Climate induced GFC a 'very real' risk: Hewson

JAMES FERNYHOUGH  |  TUESDAY, 14 OCT 2014
Former Liberal leader John Hewson has said that over-investment by banks and pension funds in carbon-exposed industries could lead to a global financial crisis that dwarfs the 2008 crash. Hewson was speaking in his capacity as chairman of the Asset ...