FINANCIAL OMBUDSMAN SERVICE

Financial planning

Milana Pokrajac examines the advantages and disadvantages of vertically integrated advice compared to self-licensing and non-aligned advice....

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Financial planning

Planners and accountants unlikely to take each other’s work due to workloads involved. ...

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Accounting

Accountants who wish to avoid product distribution pressure should not join an institutionally aligned licence if they wish to provide advice....

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Financial planning

The corporate regulator welcomes FOS’ focus on timeliness, but makes no mention of long-term structural change....

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Financial planning

An independent review into FOS finds its organisational model has reached the end of its effective life and it needs change. ...

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Financial planning

Federal ministers have been told FOS is being distracted by commercial borrowers such as property developers....

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Editorial

There exists plenty of evidence that the External Dispute Resolution regime and its interplay with PI cover is proving problematic for the financial planning industry. Mi...

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Financial planning

The increasing complexity of financial services legislation is responsible for the growing levels of frivolous legal claims against planners. ...

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Superannuation

Adelaide-based SMSF property promoter restricted from travel after company collapse. ...

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Editorial

While there are many loose ends associated with the Future of Financial Advice regime, Mike Taylor writes that the Government should avoid allowing its Financial Systems ...

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Financial planning

FOS has identified planner conduct and inappropriate claims handling as possible systemic issues during the December 2013 quarter....

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Financial planning

The AFA wants the Financial Systems Review to encompass both PI and the external dispute resolution processes....

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Financial planning

James Kenny’s passion for educating up-and-coming stars of the profession saw him take home the 2013 Financial Planner of the Year award, Kate Cowling reports. ...

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Financial planning

Dealer group head calls for rigorous consultations before FOS moves to lift fees....

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Financial planning

FOS is proposing to more than double its maximum membership fee to $25,000. ...

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago