Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 206 results for "Indemnity"

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... advisers to act in their client's best interests, meet minimum education and competency standards, and carry professional indemnity insurance to ensure compensation in cases of professional misconduct and participate in an external complaints resolution ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... collapses. In December he criticised Minister for Financial Services Daniel Mulino's suggestion that the professional indemnity insurance (PII) sector be made to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable. ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... impairment is expected to include a provision for potential claims under the insurance excess payable under its professional indemnity insurance. It will also include impairment of intangible assets pertaining to the licensee and adviser services division. ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
The professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... period, MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance cover, ASIC said. MW Planning has the right to apply to the Administrative Review Tribunal for a review. MWL Financial ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... including auditors and superannuation trustees. Sequoia also said the financial outcome depends on the professional indemnity insurance from relevant parties and existing legislation that protects members within the superannuation framework. "AFCA has ...

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... CoreData and explores how various issues such as industry fragmentation, varied financial requirements and professional indemnity insurance coverage are combining to increase systemic risk in the financial advice industry. Central to this is a growing ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... specified that FSGA must remain a member of the Australian Financial Complaints Authority (AFCA) and maintain professional indemnity insurance until 4 June 2026.

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... when it was acquired by CountPlus. CBA has acknowledged the court's decision to dismiss the case. CBA had provided an indemnity to CountPlus of $300 million for the conduct that occurred prior to and after the acquisition.

Vision Super defends new but 'archaic' policy

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
... Vision Super? If you've got offshore staff, I've got cyber insurance for all that type of stuff, there's no indemnity or liability to Vision Super because the clients have signed the form to give access," he said. "I would understand it more ...