Search Results | Showing 31 - 40 of 203 results for "Indemnity" |
| | | ... related to a 2019 remediation matter involved a since terminated adviser. While its making progress with its professional indemnity insurers, Sequoia said it has "not recognised a contingent asset at this stage." However, its licensee Interprac Financial ... |
| | | | ... Insurance Australia Group (IAG) but ceased its strategic relationship and equity ownership. The renewed terms with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, will continue for close to seven years, valid from January 2023 ... |
| | | | Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ... |
| | | | ... Financial Complaints Authority (AFCA) determinations. According to ASIC, QFML also didn't have the required professional indemnity insurance coverage. "The licence suspension allows QFML to provide financial services that are reasonably necessary for ... |
| | | | ... and doesn't seek to address some of the underlying causes of unpaid determinations, such as appropriate professional indemnity insurance. As a result, it said that consumers are left unprotected and financial advisers are footing the bill. "We believe ... |
| | | | ... contraventions which were later relied on by the presiding judge in handing down the ban. Mawhinney has also been awarded indemnity costs as a result. A retrial has been ordered and interim injunctions imposed on Mawhinney in August 2020 have been reinstated. ... |
| | | | ... collective goal should be a compensation scheme that is rarely required as adequate capital levels and professional indemnity insurance obligations for financial advisers result in minimal unpaid AFCA determinations," he said. Meanwhile, the government ... |
| | | | ... "The direct asset model is very difficult to implement because of the challenges associated with custody, professional indemnity insurance and approved product lists. A regulated managed investment scheme removes this complexity," he said. |
| | | | ... chief executive position in the local business. Appointed in her place is Tim Tez, currently chief executive, medical indemnity at Avant Mutual. His appointment is effective February 2023, bringing more than two decades' experience in life and health ... |
| | | | ... file, additional education costs, increased licensing costs and a crisis in the costs and availability of professional indemnity insurance for the uncapped liability of running a licensee," the submission said. "Over the last three years the number of ... |
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