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SUPERANNUATION COMPLAINTS TRIBUNAL
Superannuation
Up to 20 complaints left unfinished by the final closure of the Superannuation Complaints Tribunal will need to be handled by the Australian Financial Complaints Authorit...
Financial planning
The authority handled over 70,000 complaints signalling there is more to be done to restore faith in financial services....
Financial planning
The Superannuation Complaints Tribunal has held that a superannuation fund member has remained responsible for the lapse in his insurance cover even when the forms were f...
Expert Analysis
Financial services barrister Noel Davis examines the testimony given to the Royal Commission and its ultimate findings and suggests that for as much as it discovered ther...
Policy & Regulation
A senior financial services barrister has revealed that the Australian Securities and Investments Commission was reluctant to pursue prosecutions because of the embarrass...
Superannuation
A superannuation fund has been censured and ordered to compensate a member for unduly delaying a rollover to his self-managed superannuation fund....
Financial planning
Superannuation funds have been placed on notice about the dangers of their telephone consultants drifting into their area of specific personal advice, with a fund ordered...
Policy & Regulation
The new ombudsman vows to “proactively work with consumers, small business and the financial services sector to resolve and reduce financial disputes”....
Editorial
The Government has commissioned a timely review of the external dispute resolution schemes covering financial services, but it should focus more on equity and effectivene...
Life/Risk
Predatory legal claims around TPD insurance should be rejected, with many jumping the gun and easily able to be defeated, according to a lawyer working in the insurance a...
Life/Risk
The structure and payment arrangements of TPD is dragging on its sustainability and needs to be changed, according to the former chair of the SCT....
Superannuation
Industry fund chief executive wants banks and AMP to abide by a best interest duty when providing super via employers....
Superannuation
Super fund trustees are urged to resolve complaints internally before they reach the Superannuation Complaints Tribunal....
Financial planning
A Budget user-pays approach to financial services regulation could hit licensee and other planning costs....
Superannuation
Macquarie Bank's David Barrett takes a closer look at the cost complexities of setting up a SMSF....
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...