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Showing 171 - 180 of 312 results for "AFCA"

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
... broadening the scope of the scheme to include the entirety of the jurisdiction of the Australian Financial Complaints Authority (AFCA)." Such amendments would ensure equity for industry and consumers as well as long-term sustainability for the scheme ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... to greater risk of poor documentation and a future increased workload for the Australian Financial Complaints Authority (AFCA)," it said. IMAP did acknowledge Levy's recognition of the "bureaucratic approach' at ASIC. "Which has resulted in needless ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... uncertainty and licensee caution has been a subject discussed at length within the advice community in recent years, with AFCA saying it isn't surprised by the level of fear in the industry when it comes to ASIC. Association of Financial Advisers chief ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Advisory clients to register their complaints with the Australian Financial Complaints Authority before Dixon Advisory's AFCA membership is cancelled in April 2023.

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... compensation of up to $150,000 to eligible consumers who have a determination from the Australian Financial Complaints Authority (AFCA) relating to personal financial advice, credit intermediation, securities dealing and credit provisions that remains ...

Casey Thompson joins First Super board

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... directors. Meanwhile, last week, First Super entered a new partnership with the Australian Forest Contractors Association (AFCA). The association is the peak body for forest contracting businesses. "First Super has always had strong links with employers ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... their website about their remuneration and other benefits they receive, their internal dispute resolution procedures and AFCA, the paper adds. Levy said she remains unpersuaded SOAs provide any real protection to consumers. "In my own experience, SOAs ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... recent notice for former Dixon Advisory clients to register any complaints with the Australian Financial Complaints Authority (AFCA). Just last week, advisers were prompted by the corporate regulator to movie quickly with their complaints to be eligible ...

Contact AFCA now: ASIC urges Dixon Advisory clients

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... compensation. ASIC plans to write to former clients of Dixon Advisory to let them know that they must lodge a formal complaint with AFCA if they believe they have suffered a loss as a result of the firm's misconduct. They must also do it before Dixon ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... increased more than six-fold last financial year, while complaints about inappropriate advice more than halved. Latest data from AFCA shows it received 654 complaints about product terms and conditions in FY22, catapulting it to the top of the list for ...