POWERED BY MOMENTUM MEDIA
FINANCIAL OMBUDSMAN SERVICE
Editorial
Col Fullagar takes a look at two income protection policies - one is offered by an industry superannuation fund, while the other comes from a retail fund. While the premi...
Policy & Regulation
When the "best interests" duties contained in the Future of Financial Advice (FOFA) reforms become law, the lack of a legal precedent will see the Financial Ombudsman Ser...
Policy & Regulation
FOS to swim in dark after FOFA; Planners unaware of research house business models; Claim-time help a good value proposition and more. 7 days of news in under 4 minutes. ...
Editorial
Before giving advice, financial advisers have a positive duty to actively assess and research the risks arising in relation to an investment. Paul Resnik outlines a set o...
Financial planning
An increase in the number of professional indemnity (PI) insurance claims over the past few years is affecting the price and availability of PI insurance for planning fir...
Financial planning
A financial services firm that advised clients to switch their superannuation into a Trio Capital fund has had an enforceable undertaking (EU) imposed on it by the regula...
Financial planning
New ASIC chairman, Greg Medcraft wants financial service 'gatekeepers' to vet products going to retail investors....
Financial planning
ASIC chairman, Greg Medcraft points to more focused scrutiny of financial services advertising....
Financial planning
FOS backs actions of planner after client accountant's tax-related strategy ends in complaint....
Financial planning
The Financial Ombudsman Service (FOS) has come out in response to the release of a new litigation service for investors from law firm Slater & Gordon, calling it "mislead...
Financial planning
When misconduct from within the financial services industry leads to investor loss and hardship, investors are often unaware of existing avenues of redress and do not pur...
Editorial
Financial planners could be forgiven for suffering reform fatigue - and the release, last week, of Richard St John's consultation paper, Review of compensation arrangemen...
Editorial
Some trustees have called for SMSFs to be included in the compensation arrangements relating to the Trio Capital/Astarra collapse but, as Mike Taylor writes, a high price...
Financial planning
Trustee companies will have more time to deal with disputes following ASIC's decision to update the complaints process....
Superannuation
The collapse of Trio Capital and the subsequent lack of financial assistance for SMSFs has revealed a gaping hole in the compensation safety net for SMSF investors....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
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...