PROFESSIONAL INDEMNITY

Financial planning

Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said....

Financial planning

Smaller licensees should be aware that they are just as much on ASIC’s radar as their larger counterparts as increased data and technology means the regulator has greater...

Financial planning

Wholesale clients should have the financial capability and knowledge necessary to rely on professional indemnity insurance rather than accessing the proposed new compensa...

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Policy & Regulation

The Australian Securities and Investments Commission is arguing that obtaining professional indemnity insurance is not as big a problem for financial planning licensees a...

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Financial planning

A West Australian financial planning firm given 10 weeks to find professional indemnity insurance may be just the tip of the iceberg as firms struggle to find affordable ...

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Financial planning

The Australian Securities and Investments Commission has given a Perth financial planning business 10 weeks to obtain professional indemnity insurance....

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Financial planning

The Financial Planning Association wants the Government to commission the Australian Securities and Investments Commission to monitor the escalating costs of practicing a...

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Policy & Regulation

The Federal Treasury has received yet more warnings that before it embarks on a compensation scheme of last resort it should fix professional indemnity insurance in circu...

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Financial planning

The Financial Services Council has canvassed the imposition of capital requirements on advice licensees as part of any compensation scheme of last resort at the same time...

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Financial planning

The Government has taken the first step towards imposing a compensation scheme of last resort on the financial advice sector, raising key questions about the future relev...

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Financial planning

Advisers looking to buy portfolios will have to find other ways to manage their financial risk of recovery following the hardening of PI insurance run-off period after th...

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Financial planning

With the Royal Commission resulting in a tougher insurance market, organisations looking to get professional indemnity cover should act quickly to ensure they’re not left...

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Financial planning

Hundreds of advice firms may not have PI policies that meet ASIC’s RG126 requirements, a report reveals....

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Financial planning

Professional indemnity insurance for financial planners will not fall in price as insurers remain cautious about the advice and wealth management sectors...

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Financial planning

FOS has reduced its backlog of cases but unpaid determinations have climbed for the third reporting period in a row to a record high....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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