FINANCIAL OMBUDSMAN SERVICE

Financial planning

The Financial Ombudsman Service appears set to be able to accept complaints by consumers against financial advisers up to a value of $500,000 from next year....

Financial planning

Rising costs and tighter margins making it harder for individuals to run a financial planning business....

Financial planning

Financial Ombudsman Service investments, life insurance and superannuation ombudsman Alison Maynard and financial services lawyer Mark Halsey clash over an allegation by ...

Financial planning

The Financial Ombudsman Service has launched a Financial Planning Advisory Committee with the mandate to advise the ombudsman on all issues affecting financial service pr...

Editorial

The Australian financial planning industry has a problem: levels of litigation relating to financial advice are rising and the reputation of the industry stands to be ser...

Financial planning

Investors are increasingly seeking legal redress against former advisers based on the recommendations of a new adviser, according to Argyle Partnership principal Peter Bo...

Financial planning

Consumer complaints to the Financial Ombudsman Service relating to financial planning and managed investments are soaring in number....

Financial planning

Australia’s major banks said on Friday they would seek to maintain funding to small businesses, as well as pass on interest rate cuts where possible. Many small bus...

Financial planning

Financial Ombudsman Service travels to complaints hotspot....

Financial planning

FOS avenue closed and FICS avenue in question....

Financial planning

Fears consumers could target advisers....

Financial planning

The financial planning industry is facing renewed scrutiny and criticism in the wake of the closure of Storm Financial by voluntary administrators last week...

Financial planning

FPA facilitates service for clients in distress....

Superannuation

Rise in complaints to ombudsman...

Financial planning

Areas most affected by economic downturn report biggest rises....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 5 days ago