The recommendation from the Royal commission to introduce a last resort compensation scheme for consumers suffering a financial loss from advice failures is a win for SMS...

The minister under whose watch much of the current workload of the financial services industry was generated, Kelly O’Dwyer, has announced her exit from politics at the n...

The new Australian Financial Complaints Authority has called for a last resort compensation scheme while citing $16 million in unpaid determinations, 52 per cent of which...

The Australian Financial Complaints Authority reported it received over 13,000 phone enquiries in its first month of operation. ...

Rather than increasing funding to the regulators the Government should be pursuing a last resort compensation scheme, according to the Victims of Financial Fraud group....

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....

The Australian Financial Complaints Authority has publicly listed 231 financial firms potentially in breach of their licensing obligations....

Financial firms who are members of the Australian Financial Complaints Authority must notify the Australian Securities and Investments Commission of their membership by t...

The Australian Securities and Investments Commission has declared that just because behaviour is lawful does not make it an excuse where consumer detriment is concerned....

The Australian Securities and Investments Commission has issued a warning as credit representatives appear to be lagging on their obligations to join the Australian Finan...

The Australian Securities and Investments Commission has cancelled the AFS licence of Austplan, effective from 25 November....

The new ombudsman vows to “proactively work with consumers, small business and the financial services sector to resolve and reduce financial disputes”....

The Fold Legal has warned that transitioning to the Australian Financial Complaints Authority will involve “much work” for Australian Financial Services Licensees....

Most financial planning groups may have signed up with the new Australian Financial Complaints Authority, but superannuation funds appear to be dragging their feet....