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Showing 671 - 680 of 883 results for "FOS"

David Murray to head financial system inquiry

MARK SMITH  |  THURSDAY, 21 NOV 2013
Future Fund inaugural chair David Murray has been appointed to head the inquiry into Australia's financial system, the Government has announced. Dubbed the "Son of Wallis" inquiry in reference to a similar inquiry led by Stan Wallis 16 years ago, the ...

ASIC's whistleblowing demands too extreme: ACSA

JAMES FERNYHOUGH  |  TUESDAY, 12 NOV 2013

ANZ praises ASIC "integrity" amid consumer complaints

LAURA MILLAN  |  WEDNESDAY, 6 NOV 2013
... fair and responsible way." The bank encouraged customers to raise their concerns through the Financial Ombudsman Service (FOS). However, a review of the consumer submissions reveals that both the bank and the FOS have seemed to fail in addressing those ...

Super funds 'fair game' for activist scrutiny

JAMES FERNYHOUGH  |  TUESDAY, 5 NOV 2013
Super funds must prepare for a high level of activist scrutiny of their investments as a result of the increasing of portfolio disclosure requirements, according to Peter Lewis, director of Essential Media Communications (EMC). Under current plans ...

Advice main concern in FOS investment disputes

LAURA MILLAN  |  WEDNESDAY, 23 OCT 2013
... advice keeps being the main concern for consumers who lodge investment-related claims to the Financial Ombudsman Service (FOS). The FOS 2012-13 annual review found an 11% reduction of all disputes. In total, the FOS received 32,307 disputes and accepted ...

Australia's second SBB hits $10m target

JAMES FERNYHOUGH  |  TUESDAY, 8 OCT 2013
Australia's second social benefit bond (SBB), issued by the Benevolent Society in partnership with the Commonwealth Bank of Australia and Westpac, has closed after raising its target $10 million. The Benevolent Society SBB, which will help fund the ...

ASIC accepts enforceable undertaking from WealthSure

LAURA MILLAN  |  MONDAY, 2 SEP 2013
WealthSure, WealthSure Financial Services and the former chief executive of both companies, Darren Pawski, will be put into an enforceable undertaking (EU) until 2018. The Australian Securities and Investments Commission (ASIC) has accepted an EU from ...

Investors risk being left behind by renewable energy

MARK SMITH  |  THURSDAY, 29 AUG 2013
Investors globally are underestimating the risk of being left behind by climate change, renewable energy and other environmental trends, according to Nanuk Asset Management director Paul Chadwick. Nanuk manages a long/short thematic global equity fund ...

AIMA Hedge Fund Forum targets greater cohesion

MARK SMITH  |  MONDAY, 26 AUG 2013
The Alternative Investment Management Association (AIMA) will come together to promote greater cohesion within the fractured local hedge fund industry at its up-coming annual forum. The AIMA Hedge Fund Forum has been created by the industry to foster ...

First submissions to ASIC inquiry made public

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
... the Commission. The couple doesn't disclose which bank made the loan, but it complains that the Financial Ombudsman Service (FOS) has closed the file because it exceeds its jurisdictional limit of $500,000 and asks for more protection by ASIC. "I would ...