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Showing 91 - 100 of 312 results for "AFCA"

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... heavily dependent" on estimates of how many complaints will be resolved by the Australian Financial Complaints Authority (AFCA) and proceeds to the CSLR, said David Berry, the chief executive of the CSLR. It also depends on the inclusion of any other ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... on August 23. ASIC specified that Next Gen must continue its membership of the Australian Financial Complaints Authority (AFCA) until 17 October 2025. Understood to have failed to comply with the above, ASIC cancelled the licence on October 18. Next ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination on June 28 led to the cancellation of its AFSL and credit licence as the Compensation Scheme of Last Resort ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... publication. Although it wasn't specific, the reason(s) behind the cancellation of Aretean Capital's AFSL relate to failing to be an AFCA member; failing to lodge annual compliance certificates on time; failing to comply with a condition of the licence ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... compensation for Dixon Advisory victims has reached $338.6 million, according to the Australian Financial Complaints Authority (AFCA), affecting nearly 2800 victims. Evans and Partners did not respond to Financial Standard's request to comment on ...

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches dealing with common life insurance related complaints. The external dispute resolution company is specifically consulting on two draft approach documents for ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... and then only focussing on advice issues in their ultimate civil penalty action, as well as postponing the end date of its AFCA membership to accept hundreds of extra claims in the final months. "In our analysis, we have just scratched the surface. There ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... troubled advice firm Libertas Financial Planning last year, which failed to pay an Australian Financial Complaints Authority (AFCA) determination two months prior to it folding. Sequoia is grappling with a string of matters related to "the provision ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... (CSLR). Libertas, which went into liquidation in September 2023, failed to pay an Australian Financial Complaints Authority (AFCA) determination two months prior to it folding. That claim then progressed to the CSLR, which ultimately paid an undisclosed ...