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Showing 221 - 230 of 241 results for "OMB"

FOS names insurance ombudsman

COMPANY RELEASE  |  WEDNESDAY, 18 NOV 2009
The Financial Ombudsman Service has appointed former director of State Trustees, John Price, as general insurance ombudsman. Michael Lavarch, chair at the board of the Financial Ombudsman Service, said Price is experienced in dispute resolution and ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Local credit rating agencies must hold an Australian Financial Services (AFS) licence, properly manage conflicts of interest that arise and ensure employees are adequately trained from January next year following regulatory changes. The Australian Securities ...

New deputy chair for complaints tribunal

MEDIA RELEASE  |  WEDNESDAY, 21 OCT 2009
Legal expert and deputy chairman of legalsuper Rod Smith has been appointed full-time deputy chairperson of the Superannuation Complaints Tribunal. Smith has been appointed for a five-year term. "Mr Smith's appointment will enhance the Tribunal's reputation ...

FOS swamped with complaints

MICHAEL HOBBS  |  MONDAY, 14 SEP 2009
The Financial Ombudsman Service (FOS) is changing how it deals with investments, life insurance and superannuation complaints to cope with rising complaint volumes, particularly in financial planning. The service noted it saw a 77 per cent increase ...

Almost Per-fecta

BENJAMIN ONG  |  WEDNESDAY, 26 AUG 2009
... increased slightly to 10.6 percent from 10.1 percent." Now for the negative one-pecta. The US Office of Management and Budget (OMB) raised its forecast for the US budget deficit. The OMB now expects the budget shortfall to climb to US$1.5 trillion 2010 ...

FOS insurance ombudsman resigns

MICHAEL HOBBS  |  THURSDAY, 13 AUG 2009
The Financial Ombudsman Service (FOS) is close to naming a new general insurance ombudsman after Sam Parrino resigned from the service. Parrino was named ombudsman - general insurance when FOS in July last year. Prior to joining FOS, Parrino worked ...

FOS gears up to combat record complaints

MICHAEL HOBBS  |  WEDNESDAY, 27 MAY 2009
The Financial Ombudsman Service (FOS) is on a hiring spree, increasing staff numbers by around 25 per cent in around nine months to cope with record levels of complaints across the financial services market. Colin Neave, chief ombudsman at FOS, said ...

Govt lifts financial hardship threshold

WWW.THESHEET.COM  |  MONDAY, 27 APR 2009
National consumer credit laws will adopt a higher threshold at which lenders are obliged to formally consider a variation to a loan where a customer cannot pay due to illness, unemployment or other reasonable causes. The government plans to lift the ...

FPA heads to eye of Storm

MICHAEL HOBBS  |  MONDAY, 2 FEB 2009
The key team behind the Financial Planning Association (FPA) is travelling to Townsville, Queensland to speak to those directly affected by Storm Financial's advice and the firm's subsequent collapse. Speaking at a press conference on Friday, Jo-Anne ...

Complaints on the rise: FOS

MICHELLE BALTAZAR  |  WEDNESDAY, 10 DEC 2008
The Financial Ombudsman Service (FOS) is urging financial services providers to invest more in staff and systems to deal with client complaints after it found a high 23 per cent increase in the number of new disputes this year. FOS has released its ...