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Showing 121 - 130 of 203 results for "Indemnity"

MetLife partnership extend group insurance to SMEs

MARK SMITH  |  MONDAY, 3 NOV 2014
... survey by DBM Consultants found that while 90% of small businesses had public liability and nearly 40% had professional indemnity insurance, fewer than 10% had personal insurance. Research published by the Financial Services Council (FSC) and MetLife ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... (MIS) and in its submission to the Financial System Inquiry (FSI). ASIC noted that the effectiveness of professional indemnity (PI) insurance "is limited where an AFS licensee is in external administration and more generally as a result of the limitations ...

AAP offers PI insurance for independent advisers

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
Centrepoint-owned Associated Advisory Practices (AAP) is offering a professional indemnity (PI) insurance product tailored for independent financial advisers. The solution was launched earlier this year and since then average renewal premiums have lowered ...

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
... Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations. The review targeted licensees which had not requested a release of a security bond required ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... The commissioner mentioned "inadequate or no evidence of RG146 training course," inadequate coverage of professional indemnity insurance, limited or no knowledge of the restricted scope of the 'class of product' advice authorisation and financial statements ...

Federal Court judgements contradictory on adviser liability

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... Halsey noted that court rulings based on the WealthSure case will benefit financial advisers and their professional indemnity insurers, because it will likely limit their liability. Initially, WealthSure was held to be fully liable for the clients' entire ...

TPB open for TASA registration from today

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
... definition of what is a tax financial advice service, additional requirements to comply with the TPB's professional indemnity (PI) insurance and continuing professional education for tax advisers. Video source: Tax Practitioners Board

Zenith launches range of retirement portfolios

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
... the ability to construct dedicated and personalised retirement portfolios within existing compliance and Professional Indemnity insurance frameworks," Zenith associate director and manager of Zenith's Retirement Portfolio solutions Ben Davis said. "Within ...

ASIC bans former PIS and AMP advisers

LAURA MILLAN  |  MONDAY, 23 JUN 2014
... frustrating any appointed liquidator. ASIC further found that Thompson sought a fee of $70,000 for his services and an indemnity for costs, indicating the conduct was not gratuitous and was done so for reward. Thompson was a financial adviser and authorised ...

AFA focuses FSI submission on FoFA "misinformation campaign"

LAURA MILLAN  |  MONDAY, 7 APR 2014
... misinformation." The association asked for a review of the external dispute resolution framework and of advisers' professional indemnity insurance. It also asked the FSI to look at the Tax Agent Services Act (2009), which is due to start on July 1, 2014. ...