PROFESSIONAL INDEMNITY INSURANCE
Financial planning
ASIC has cancelled the AFSLs of seven licensees who did not have adequate professional indemnity insurance....
Financial planning
ASIC points to so far modest take-up of limited AFSL and the emergence of concerning trends around RG 146 completion and professional indemnity....
Financial planning
Melbourne boutique to offer dealer services to small planning groups and self-employed planners...
Financial planning
Investors who were encouraged to invest in what a Federal Court judge called “a Ponzi scheme” will have to pay 30 per cent of the costs of their financial adviser’s appea...
Financial planning
A recent successful appeal regarding liability in a long running case involving WealthSure has created clarity around about the potential extent of liability in cases of ...
Financial planning
FOS states failure of members to pay determinations is structural issue as millions remain to be paid to consumers....
Editorial
If financial planners were given a choice between the model underpinning the Superannuation Complaints Tribunal and that underpinning the Financial Ombudsman Service, wha...
Financial planning
Planners and accountants unlikely to take each other’s work due to workloads involved. ...
Financial planning
Centrepoint Alliance to assist planners gain their own licence and secure PI cover ...
Financial planning
The actions of external dispute resolution entities has served to impact both the cost and availability of professional indemnity insurance. ...
Financial planning
The increasing complexity of financial services legislation is responsible for the growing levels of frivolous legal claims against planners. ...
Financial planning
The AFA wants the Financial Systems Review to encompass both PI and the external dispute resolution processes....
Financial planning
Government inquiry urged to consider cumulative effect of regulatory change, effectiveness of dispute resolution schemes and introduction of self-regulation....
Editorial
A close reading of the submissions so far lodged with the Senate Committee investigating the operations of ASIC suggests the newly-elected Abbott Government will be right...
Editorial
The Federal Treasurer, Joe Hockey, has signalled a “son of Wallis” review of the Australian financial system and, as Mike Taylor writes, the industry is already starting ...
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...