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Showing 211 - 220 of 241 results for "OMB"

Flaws in advice system revealed by ASIC report

ELISE BURGESS  |  WEDNESDAY, 28 MAR 2012
The results of ASIC's shadow shopping research, which found only 3% of retirement advice was 'good', has revealed flaws in our current advice system, according to some industry figures. The Australian Securities and Investments Commission (ASIC) released ...

ASIC, FPA, and FOS address shadow shopper report

ELISE BURGESS  |  WEDNESDAY, 21 MAR 2012
The FPA, ASIC and FOS have partnered to deliver a series of educational workshops for advisers to combat issues found in an upcoming ASIC Shadow Shop survey. The Australian Securities and Investments Commission (ASIC) revealed in February that conflict ...

ASIC commissioner new chief of FOS

ELISE BURGESS  |  TUESDAY, 2 AUG 2011
ASIC commissioner, Shane Tregillis, was appointed as new chief of the Financial Ombudsman Service, replacing departing chief Colin Neave. Tregillis will move into the Melbourne-based role from August 26. Neave did not move to be reappointed into the ...

Superpartners adds risk expert to board

MATT WOODINGTON  |  THURSDAY, 16 JUN 2011
Superpartners has made a new appointment to its board of directors, bringing in risk and compliance expert, Merran Kelsall. The superannuation administrator said that Kelsall's passion for corporate governance, strategy and executive coaching made her ...

Trio victims turn on planners

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
Self-managed super fund trustees left without compensation from the Trio fraud debacle have turned on their former financial advisers. About 100 investors are suing defunct financial planning firm Tarrants Financial Consultants, reportedly on the grounds ...

Fiduciary duty goes beyond APLs

RUTH LIEW  |  TUESDAY, 31 AUG 2010
A Financial Ombudsman Service (FOS) case hearing concluded that just because a product is within a planning group's approved products list (APL) doesn't mean they have fulfilled their fiduciary duty - prompting top researchers to talk about the role ...

Complaints against planners fall

MICHAEL HOBBS  |  THURSDAY, 5 AUG 2010
The Financial Ombudsman Service (FOS) has received less complaints against investments and financial planners in the past year, new figures show. Alison Maynard, investments, life insurance and superannuation ombudsman, said the number of investment ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
ASIC has released a consultation paper on new laws regulating mortgage early exit fees, which are unconscionable or unfair. The new paper, titled Mortgage early exit fees: Unconscionable fees and unfair contract terms (CP 135), contains proposals that ...

FOS appoints Belleville to board

PRESS RELEASE  |  WEDNESDAY, 10 MAR 2010
The Financial Ombudsman Service (FOS) has appointed former Suncorp executive, Robert Belleville, as director for the service. Belleville previously worked at Suncorp as group executive of personal insurance and, prior to that, was chief executive at ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...