First Decision-Maker forum announced



Alison Maynard
The Financial Industry Complaints Service (FICS) is set to hold its first Decision-Maker forum for improving member engagement and understanding.
Scheduled for February 29, 2008, in Sydney, the forum was set-up to help members better understand how FICS resolves disputes and will provide them with the opportunity to discuss specific issues relating to recent FICS determinations.
FICS chief executive Alison Maynard said the external complaints resolutions scheme has been working with the Financial Planning Association to address financial planners’ concerns about the transparency of the FICS decision-making process.
“FICS wants to provide a better understanding of the issues with some cases and clearly demonstrate how the FICS decision-making process works,” she said.
FICS national panel chair Michael Arnold will lead the first discussion, assisted by panel chair Dick Viney.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.