AFCA

Financial planning

Will more PI insurers exit planner market?

Moves to increase monetary claim limits under the new Australian Financial Complaints Authority regime have prompted fears of more PI insurer exits from the financial pla...

Policy & Regulation

Is Govt rushing AFCA implementation?

The Federal Government has been warned against rushing the implementation of its new financial services external dispute resolution regime amid claims of shortened consul...

Policy & Regulation

Barnaby Joyce’s troubles impact AFCA legislation

The Government’s Australian Financial Complaints Authority legislation has been thrown into doubt by the citizenship dramas which impacted National Party leader, Barnaby ...

Policy & Regulation

Dissenting report draws battlelines on AFCA

The Government cannot be certain of imposing the new Australian Financial Complaints Authority in circumstances where opposition Senators have issued a dissenting report ...

Policy & Regulation

Government backs ASIC on product intervention

The Federal Government has thrown its support behind the move to give ASIC regulatory powers to ban the distribution of products it believes would cause harm....

Superannuation

SCT still being starved of funding

Under-funding of the Superannuation Complaints Tribunal means it could still be clearing a backlog up to four years after the establishment of the Australian Financial C...

Policy & Regulation

Should AFCA determinations be open to appeal?

Determinations by the Government’s new Australian Financial Complaints Authority should be open to appeal to the courts, according to a submission received by the Senate ...

Policy & Regulation

AFCA won’t provide better outcomes

The creation of the Australian Financial Complaints Authority will not address or prevent financial scandals and will cost an extra $9.2 million, according to CIO....