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Showing 131 - 138 of 138 results for "Compensation Scheme of Last Resort"

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... promising," Johnson said. The AIOFP is positive about Treasury's request for market views on the Compensation Scheme of Last Resort because submissions and commentary are acknowledging that advice and product failures are separate. Politicians, Johnson ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort (CSLR), the FSC urged the government to work with the financial services industry to ensure that CSLR compensation is targeted ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... Professionals wants product failures and financial losses from those failures factored into the Compensation Scheme of Last Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from the Royal ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... however, with the FSC naming the new disciplinary system for financial advisers, as well as the compensation scheme of last resort as recommendation it "believes require further discussion with the government". The final report of the Royal Commission ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... improving financial services for consumers. For the first time the Government will establish a compensation scheme of last resort to ensure that consumers can have their case heard "and be confident that where compensation is owed it will be paid." Frydenberg ...

Terms of reference released for complaints system review

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
... ability to make observations, but not recommendations, on the establishment of a statutory compensation scheme of last resort. The FOS has welcomed the release of formal terms of reference and has endorsed the work of the independent expert panel and ...

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... Inquiry's Final Report," the FOS submission states. "FOS recommends the establishment of a limited compensation scheme of last resort and in the absence of the industry working together to establish such a scheme, the government implement such a scheme. ...

VOFF slams MP response Trio Capital fraud

MARK SMITH  |  THURSDAY, 14 FEB 2013
... on 11 February that he intends to present a Private Members Bill to Federal Parliament for a compensation scheme of last resort for self managed superannuation investors for future losses due to fraud. While VOFF described the development as "belated ...