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Showing 691 - 700 of 1868 results for "Authority"

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... Estimates hearing. Appearing before the committee, Glenfield was asked by Liberal Senator Amanda Stoker whether the authority acknowledged the risk of losing experience financial advisers for whom the requirements are simply too much. Glenfield answered ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

AustralianSuper adds former PwC partner to board

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... Corporation (NSW) as director and chair of the audit committee. She was also the deputy chair of Victorian Managed Insurance Authority (VIMA) where she also chaired the audit committee. Her private sector governance roles have included non-executive ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... invested in the fund. The distribution comes as the fund's receiver, David Whyte of accounting firm BDO, was granted the authority earlier this month to pay unitholders up to $40 million which was approved in May. Whyte told Financial Standard he paid ...

BNP Paribas appoints new Australia head

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... international financial services and corporate and institutional banking. Earlier this month, the Financial Industry Regulatory Authority fined the company US$15 million for failing to develop an anti-money-laundering program that could detect suspicious ...

Disgruntled chief executive wins $2.7million

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
... lake caused one of its subsidiary companies (GBST Hong Kong Limited) to enter into a lease to his advantage without authority and board approval, according to court documents. The Supreme Court of Brisbane on October 11 ruled in Lake's favour and threw ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... Financial Advisers (AFA) has called for more clarification and key changes on the Financial Adviser Standards and Ethics Authority code of the ethics. FASEA released its first guidance on the code, which will come into effect next year, late last week. ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... exclude from advice consideration any of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission ...

Cbus veteran moves to APRA

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
... (company secretary) and compliance at Cbus and is now risk specialist, governance at the Australian Prudential Regulation Authority. Before moving into the head of governance role, Thurstans spent over 18 years as executive manager of governance and ...

FASEA clears up code of ethics

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
The Financial Adviser Standards and Ethics Authority have released a guidance document for its code of ethics for financial advisers, which will come into effect on January 1, 2020. The code comprises of five values and 12 standards and has been designed ...