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Showing 21 - 30 of 201 results for "Ombudsman"

Advisers call out regulation backflip

KARREN VERGARA  |  FRIDAY, 4 MAR 2022
... overlooked consideration is the consumer. "How is a nuisance complaint to be treated? Under current requirements, the ombudsman will always allow the client to decide whether to continue with the complaints process, regardless of whether there is any ...

AFCA must improve transparency: Hume

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... a difficult operating environment" and that there are no systemic issues with its independence and operations, chief ombudsman and chief executive David Locke said that results overall show a positive report card. He acknowledged that there are areas ...

AFCA launches new platform to improve dispute resolution

CHLOE WALKER  |  FRIDAY, 19 NOV 2021
... (AFCA) today launched a new digital platform to help financial services firms better manage disputes that reach the ombudsman service. The new AFCA member benchmarking dashboard is an interactive platform for financial firms that provides near real-time ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... the ATO is unwilling or unable to recover workers' savings the law should be changed so that employees, the Fair Work Ombudsman, and others acting on behalf of workers can," ISA said. ISA is also calling for greater enforcement activity and for the ATO ...

AFCA appoints senior ombudsmen

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... efficient and consistent decision making, which we know is important to both complainants and financial firms," deputy chief ombudsman June Smith said. "The senior ombudsman will help ensure we deliver an independent, fair and consistent approach to ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... made are sustained and continuously improved." However, the storm isn't over for the bank as it was the Fair Work Ombudsman (FWO) alleges CBA and CommSec contravened the Fair Work Act for failing to pay 7425 workers about $16.44 million in wages. ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... between the complainant and firm or an outcome in favour of the complainant, without the need to progress the case to an ombudsman for a formal decision." Locke said this figure showed firms are willing to work with AFCA and their customers to resolve ...

IDII pitfalls advisers should avoid

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... experts at the Association of Financial Advisers 2021 Evolve Conference, Australian Financial Complaints Authority lead ombudsman for investments and advice Natalie Cameron told advisers about her experiences with IDII complaints, particularly when it ...

Bitcoin fund hires from IFM

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... as head of fund and mandate compliance. Henningsen has also worked at Bell Asset Management, the Australian Financial Ombudsman Service and Australian Unity. He has experience in the world of cryptocurrency too, having been general counsel for Huobi ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... complainant refuses to consider a reasonable resolution and seeks to push the complaint all the way to determination," AFCA ombudsman Justin Untersteiner said. "We have been told that the impact of these types of complaints is that the cost of paying ...