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AFCA
Life/Risk
Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “very tough”, the major insurers have flagged key changes ...
Superannuation
Appeals by QSuper and Investors Exchange Limited against the Australian Financial Complaints Authority have been dismissed by the courts as the body has been found to hav...
Financial planning
Financial firms will now have 30 days to respond when the Australian Financial Complaints Authority notifies them of a complaint....
Funds management
The complaint authority will prioritise complaints relating to COVID-19 and has established a dedicated support hotline...
Policy & Regulation
The Federal Treasury has received yet more warnings that before it embarks on a compensation scheme of last resort it should fix professional indemnity insurance in circu...
Policy & Regulation
The Australian Financial Complaints Authority wants any new compensation scheme of last resort to cover the whole industry, including Managed Investment Schemes, and to b...
Financial planning
It would be reasonable to have all Australian Financial Complaints Authority members pay for and be covered by the new scheme, according to a law firm....
Financial planning
AMP is partnering with its advisers to offer free financial advice to Australians who suffered loss due to the recent bushfires....
Financial planning
There has been no shortage of consumers and small businesses looking to file legacy complaints with the Australian Financial Complaints Authority, with data suggesting le...
Financial planning
The Government has taken the first step towards imposing a compensation scheme of last resort on the financial advice sector, raising key questions about the future relev...
Financial planning
The Australian Financial Complaints Authority has announced dedicated support for bushfire victims across New South Wales, South Australia and Victoria....
Financial planning
The Australian Securities and Investments commission has cancelled the Australian financial service licence of KP International Group Australia due to resignation of all ...
Financial planning
Businesses and farmers with facilities over $5 million are now in a worse financial position than parties with credit facilities under $5 million who are able to seek com...
Financial planning
In the aftermath of the Australian Financial Complaints Authority outlining its approach to the Financial Adviser Standards and Ethics Authority code of ethics, questions...
Financial planning
The Australian Financial Complaints Authority has said it will take the Financial Adviser Standards and Ethics Authority code of ethics into account in making its determi...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...