Search ResultsShowing 21 - 30 of 81 results for "Financial Ombudsman Service"
FOS submission points finger at advisers
JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...
Complaints authority welcomes new chair
KARREN VERGARA  |  THURSDAY, 1 MAR 2018
... will enhance their ability to deal with large institutions. AFCA consolidated the functions of the Financial Ombudsman Service, Credit and Investment Ombudsman, and Superannuation Complaints Tribunal into one governing body. AFCA will start receiving ...
SMFSA voices support for AFCA
KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... industry, according to the SMSF Association. Establishing AFCA consolidated the functions of the Financial Ombudsman Service, Credit and Insurance Ombudsman, and Superannuation Complaints Tribunal into one governing body, which was approved in parliament ...
FSC and FOS appoint former ASX chief risk officer
ALEX BURKE  |  TUESDAY, 30 JAN 2018
The Financial Services Council and Financial Ombudsman Service named the chair of the committee tasked with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving ...
AFCA, key housing bills passed
EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... consumers, small businesses and retail investors. The new authority combines three oversight bodies - the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT) - into a 'one-stop-shop' ...
Federal Government names Royal Commission lead
JAMIE WILLIAMSON  |  MONDAY, 4 DEC 2017
... resonates throughout our industry is amply demonstrated by the miniscule number of complaints to the Financial Ombudsman Service about the stockbroking industry. For the year ended June 2017, FOS received a total of 39,479 disputes. Of these only .003% ...
Life insurance complaints down: FOS
JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
... surrounding investments, advice and life insurance accounted for 9% of all disputes accepted at the Financial Ombudsman Service of Australia last financial year. In its annual report FOS outlined that of the 22,475 disputes it accepted over the 12 month ...
Industry body questions AFCA funding model
EMMA RAPAPORT  |  THURSDAY, 28 SEP 2017
... complaints. To illustrate their point, the AIST made reference to the number of complaints received by the Financial Ombudsman Service in 2015-2016 - 34,095, mostly regarding financial advice - and compared them to the number complaints received by the ...
Panel appointed to ease AFCA transition
JAMIE WILLIAMSON  |  WEDNESDAY, 23 AUG 2017
... industry," O'Dwyer said. Those appointed to the expert panel are: Shane Tregillis, chief ombudsman, Financial Ombudsman Service; Helen Davis, chair, Superannuation Complaints Tribunal; Robin Buckham, director at Self Employed Australia (representing ...
Ripoll to help victims of rogue advice
JAMIE WILLIAMSON  |  MONDAY, 14 AUG 2017
... recover their losses. Joining forces with Financial Rescue Australia, Ripoll said that despite the Financial Ombudsman Service's free complaints service having been established to help people recover losses, a certain level of skill is required to lodge ...
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