Search ResultsShowing 31 - 40 of 81 results for "Financial Ombudsman Service"
O'Dwyer names one-stop-shop dispute resolution lead
KARREN VERGARA  |  THURSDAY, 27 JUL 2017
... (AFCA). The merger was flagged earlier in Budget documents stating AFCA will operate in place of the Financial Ombudsman Service, the Credit and Investments Ombudsman, and the Superannuation Complaints Tribunal from 1 July 2018. Edey retired from the ...
Macquarie pays the price for poor advice
JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
... number of cases are yet to be finalised as they are either the subject of litigation or a current Financial Ombudsman Service complaint.
Financial dispute authorities combined for 'one-stop-shop'
EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... for consumers. The Australian Financial Complaints Authority (AFCA) will operate in place of the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal as an industry funded complaints resolution ...
CBA defends 'incorrect' personal advice claims
JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2017
... advice was not provided," he said. Gamertsfelder also cited a review of the case conducted by the Financial Ombudsman Service in 2012 which found in favour of the bank. Despite this, Gamertsfelder did concede that the Open Advice Review program had identified ...
Ombudsman takes on ANZ fairness role
JAMIE WILLIAMSON  |  THURSDAY, 15 DEC 2016
... customers in Australia. Neave is currently a Commonwealth Ombudsman and a former chief ombudsman of the Financial Ombudsman Service. He also previously served as the Australian Banking Industry Ombudsman, chairperson of the Legal Services Board of Victoria ...
Super disputes kept aside in Treasury review
DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
... appropriate to replace the three existing schemes - the Superannuation Complaints Tribunal (SCT), Financial Ombudsman Service (FOS) and Credit and Investments Ombudsman (CIO) - with a single scheme covering all types of financial services and products. ...
FOS and CIO should merge: report
ALEX BURKE  |  THURSDAY, 1 DEC 2016
The Financial Ombudsman Service and the Credit and Investments Ombudsman would be better off as a single entity, according to a new Financial Counselling Australia report. The report, based on a survey of FCA members, found that 75% of financial counsellors ...
CommInsure continues to be investigated
DARREN SNYDER  |  WEDNESDAY, 12 OCT 2016
... engaged extensively with CommInsure and CommInsure's independent reviewers, and liaised with the Financial Ombudsman Service and the Superannuation Complaints Tribunal in relation to CommInsure matters. The update of sorts comes as ASIC releases its ...
Inappropriate advice drives disputes
KERRIE SYDEE  |  TUESDAY, 6 SEP 2016
The Financial Ombudsman Service (FOS) received 34,095 disputes in 2015-16, a 7% increase on the previous year, according to the FOS 2015-16 annual review. Of the 20,298 disputes accepted 1,141 were investments and advice disputes (5%) and 1,095 were ...
Storm Financial investor slams court decision
ALEX BURKE  |  MONDAY, 29 AUG 2016
... added that ASIC alone could never stop "criminally-inclined pushing of the boundaries," and that the Financial Ombudsman Service was fundamentally biased in the banks' favour: "It's funded by the banks. I was negotiating with Westpac on behalf of other ...
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