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Showing 831 - 840 of 1887 results for "Authority"

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... (EDR) scheme to deal with complaints that they are not able to resolve internally. The Australian Financial Complaints Authority (AFCA) was legislated for these purposes. Since launching on November 1, it has received more than 6000 complaints.

Super funds defend $5bn infrastructure investment

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
... Cbus, HESTA and Hostplus as well as IFM Investors and Tawreed Investments (a subsidiary of the Abu Dhabi Investment Authority). The consortium, representing more than six million Australians, owns 80% of NSW Ports. NSW Ports released a statement yesterday ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... framework is similar to the UK, which is overseen by three main regulators: the Bank of England (BOE); Prudential Regulation Authority (PRA), which is a division of the BOE; and Financial Conduct Authority (FCA). Singapore on the other hand is governed ...

AFCA receives 500 super complaints in first month

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Australia's superannuation industry copped more than 500 complaints to the Australian Financial Complaints Authority in the body's first month of operation. AFCA busily began its life last month, with more than 6000 complaints lodged in its first 30 ...

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
... ultimately end up funding high commissions through high premiums," the report reads. The country's Financial Markets Authority and the RBNZ are currently undertaking a review of the conduct and culture of New Zealand's life insurers with a final report ...

FASEA exam is not fair: Spot poll

KARREN VERGARA  |  MONDAY, 3 DEC 2018
... overwhelming number of financial advisers (68%) said the long-awaited exam the Financial Adviser Standards and Ethics Authority outlined in November is neither fair nor reasonable. FASEA recently unveiled the structure of the inaugural curriculum and ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... that's why the law was changed [around 2007] to change the way it works because we were deemed not to have exercised that authority properly. "And so 10 years on, as it was given back to us, it was going to be really careful - really important that ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... performance on customer advocacy or net promoter score. This week we ask if the Financial Adviser Standards and Ethics Authority's examination blueprint is fair and reasonable.

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... the BEAR should be expanded to also encompass all ASIC regulated entities, Orr referred to the UK Financial Conduct Authority's similar Senior Managers Regime which FCA staff are also required to adhere to. When questioned whether ASIC would intend to ...

Read the whole thing: FASEA

JAMIE WILLIAMSON  |  THURSDAY, 22 NOV 2018
... financial advice industry, FASEA chief executive Stephen Glenfield urged advisers and stakeholders to ensure they read the authority's draft legislation in its entirety to avoid further confusion. Addressing the 2018 FPA Congress in Sydney this morning ...