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Showing 201 - 210 of 241 results for "OMB"

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

FOS model outdated, in need of major change

LAURA MILLAN  |  WEDNESDAY, 12 MAR 2014
The current Financial Ombudsman Services (FOS) model is in need of major changes in order to meet industry and consumer expectations, an independent review found. The review conducted by Cameron Ralph Navigator (CRN) is the first independent review ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
The SMSFs Professionals' Association of Australia (SPAA) has supported the government's stance to oppose any form of compensation scheme for self-managed superannuation funds (SMSFs). In response to a statement made by the Assistant Treasurer Arthur ...

Customers accuse NAB of "predatory lending" in Senate inquiry

LAURA MILLAN  |  FRIDAY, 8 NOV 2013
The National Australia Bank (NAB) does not intend to make a submission to the Senate inquiry into the performance of the Australian Securities and Investment Commissions (ASIC) despite customer submissions accusing the bank of "predatory lending." A ...

ANZ praises ASIC "integrity" amid consumer complaints

LAURA MILLAN  |  WEDNESDAY, 6 NOV 2013
ANZ has praised the integrity of the Australian Securities and Investments Committee (ASIC) in its submission to the Senate inquiry into the regulator's performance, despite coming under fire from consumers. ANZ is the first large financial institution ...

Advice main concern in FOS investment disputes

LAURA MILLAN  |  WEDNESDAY, 23 OCT 2013
Financial advice keeps being the main concern for consumers who lodge investment-related claims to the Financial Ombudsman Service (FOS). The FOS 2012-13 annual review found an 11% reduction of all disputes. In total, the FOS received 32,307 disputes ...

The missing link

BENJAMIN ONG  |  MONDAY, 30 SEP 2013

ASIC cancels Perth stockbroker's licence

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
Perth securities dealer Stellar Securities Pty Ltd has lost its Australian financial services licence (AFSL) over compliance issues. The Australian Securities and Investments Commission (ASIC) found Stellar Securities had failed to comply with conditions ...

First submissions to ASIC inquiry made public

LAURA MILLAN  |  FRIDAY, 26 JUL 2013
The first submissions to the Senate Economics Committee's inquiry into the Australian Securities and Investments Commissions (ASIC) performance have been made public. The Senate Committee has received at least four submissions and has made two of them ...

FPA calls for improved education on advice

LINDA HAUSKEN  |  TUESDAY, 8 MAY 2012
The Financial Planning Association has called for improved consumer education about financial advice and inclusion in the national curriculum. The Financial Planning Association (FPA), Australian Securities & Investments Commission (ASIC) and the Financial ...