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Showing 481 - 490 of 888 results for "FOS"

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... Over the transition process, AFCA will work with the Credit and Investments Ombudsman (CIO), Financial Ombudsman Service (FOS) and Superannuation and Complaints Tribunal (SCT) boards. ASIC welcomed the authorisation by O'Dwyer, saying: "AFCA will ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... McMaster published on the Dover website in 2016, criticising the Financial Ombudsman Service. Reading the piece, Costello said: "FOS is unique, in that inexperienced and unqualified non-professional employees form opinions on what experienced and qualified ...

ANU to recalibrate divestment policy

ALEX DUNNIN  |  FRIDAY, 27 APR 2018
Australian National University's long-term investment pool, after mixed performance outcomes from its socially responsible investment strategy, is looking to recalibrate with a series of global mandate appointments. The now $1.3 billion investment pool ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... Financial Ombudsman Service which recommended in February 2017 that Westpac pay $79,322. It was also rejected. In August 2017, FOS re-determined that Westpac should pay approximately $47,000 to reimburse losses made on the sale of their home and a further ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... she'd found in our favour, and all that was left was to determine the appropriate remedy. "Two days later, she disappears from FOS and we get allocated a new case manager who says they've found in favour of Westpac. That's a miscarriage of justice, and ...

Findex names new managing partner

ALEX BURKE  |  THURSDAY, 22 MAR 2018
Findex has named the Crowe Horwarth managing partner of South Queensland. Mary Driscoll was previously a senior partner with Findex who oversaw the business advisory team. Before that, she was a principal at William Buck and a manager at DFK Australia ...

Wealth firm appoints chief financial officer

DARREN SNYDER  |  TUESDAY, 20 MAR 2018
The financial services group formerly known as Austock is in the final stages of its rebrand, welcoming a new chief financial officer and formalising its new ASX code and website. Generation Development Group, the parent firm of Generation Life (formerly ...

Regulatory disruption hampers long-term vision for super

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAR 2018
Superannuation industry professionals must maintain focus on achieving the best outcomes for members, despite the seeming lack of long-term vision for the future of the $2.6 trillion system. That was the message delivered by Australian Institute of ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... conduct and willful breaches of the law. Despite this, the proportion of investments and financial advice disputes accepted by FOS over the last decade only account for 5% of the total. The most common issues cited being the provision of inappropriate ...