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Life/Risk
Following consultation with ASIC, Elders Insurance has repaid customers around $5.3 million as part of a program to rectify underpayments on motor vehicle insurance claim...
Financial planning
The FPA has been granted the status of recognised tax agent association by the Tax Practitioners Board, which acknowledged the FPA's code of conduct meets its requirement...
Financial planning
The FPA has outlined to members the outcome of the FOFA changes and has urged industry unity despite last week's controversial issues....
Financial planning
The FPA has announced a series of educational workshops that will address recent poor results from ASIC's financial planning shadow shop....
Financial planning
ASIC's regulatory framework around financial planner education is changing, which means many planners will have to pull their socks up and hit the books. Chris Kennedy re...
Financial planning
Financial Ombudsman Service has identified a systemic issue at a financial services provider whereby clients were being charged legal costs associated with FOS disputes e...
Financial planning
ASIC has cancelled the Australian credit licence of Nova Home Loans Pty Limited after the company failed to become a member of one of ASIC's approved external dispute res...
Financial planning
The Financial Ombudsman Service has admitted it has only minimal specific information about the number of intra-fund advice disputes it handles....
Financial planning
ASIC has cancelled the Australian credit licence of Nova Home Loans Pty Limited after the company failed to become a member of one of ASIC's approved external dispute res...
Financial planning
One year on from the floods that devastated south-east Queensland, confusion over flood definitions means a huge number of disputes over denied flood claims is still clog...
Financial planning
One year on from the floods that devastated south-east Queensland, confusion over flood definitions means a huge number of disputes over denied flood claims is still clog...
Policy & Regulation
The Financial Ombudsman Service has told the Parliamentary Joint Committee that the FOFA bills may need to be amended to prevent clients of financial advisers being unwit...
Financial planning
The fallout from a variety of managed investment schemes (MISs) that collapsed following the onset of the global financial crisis continues to play out through the Financ...
Policy & Regulation
The Financial Ombudsman Service (FOS) has played down concerns it will have little legal guidance once the Future of Financial Advice 'best interests' duties become law....
Superannuation
The Financial Ombudsman Service will be effectively operating in the dark once the FOFA reforms are introduced, according to Argyle Lawyers principal Peter Bobbin. The cl...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...