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Showing 51 - 60 of 272 results for %22Financial Conduct Authority%22

Adviser standards consultation commences

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2022
... clean record, in addition to passing the adviser exam, should be enough to meet the educational standards required of a financial adviser. In its consultation, the government has detailed that to fulfill the 10 years' experience requirement, an adviser ...

UK regulator confirms Consumer Duty

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
The Financial Conduct Authority has outlined how a new Consumer Duty will improve customer service across the UK's financial services sector, including ending "rip-off" fees and putting consumers' needs first. The Duty comprises an overarching principle ...

UK regulator appoints Camille Blackburn to leadership team

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
The Financial Conduct Authority (FCA) is bolstering its leadership team with six new appointments, including former ASIC and Westpac senior executive Camille Blackburn as director of wholesale buy-side. Blackburn will join the FCA in October from Legal ...

Former adviser wins appeal, convictions quashed

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
... 2019 will have his case retried, having successfully argued there was a miscarriage of justice. Ben Jayaweera was a financial adviser and director of now-defunct Growth Plus Financial Group, based in Queensland. In 2019 he was found guilty of six charges ...

Defective disclosures see Avanteos Investments fined

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
... the conduct a "systemic breakdown", saying it was a "very serious failing of corporate governance and an example of a financial corporation putting its own interests above those of its investors". All the members' estates have been remediated, ASIC ...

AFCA adopts case merit assessments

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
The Australian Financial Complaints Authority will permanently adopt a merit assessment process, so that complaints where no error or financial loss has occurred can be identified and excluded quickly. AFCA conducted a three-month pilot program last ...

UK regulator introduces diversity rules for listed entities

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
The UK's Financial Conduct Authority has finalised its rules for listed companies when it comes to disclosure of diversity on boards and executive committees. Under the rules, the boards of listed entities must comprise 40% women and at least one of ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... shortcomings by Macquarie could've impacted customers by $2.9 million in unauthorised withdrawals by now convicted former financial adviser Ross Andrew Hopkins. Last year Hopkins was sentenced to a six-year imprisonment term for the misappropriation ...

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... head of GAM Fund Management Services Sean O'Driscoll said. In a separate matter, the UK's Financial Conduct Authority released details of the $16 million fine it handed GAM in December 2021 for failing to adequately manage conflicts of interest ...

Regulators fret over hobby traders

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... through capital markets is a positive development for the overall economic progress". It cites a UK Financial Conduct Authority paper which found that many consumers would benefit from investing a portion of savings rather than simply holding cash - ...