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Showing 31 - 40 of 73 results for %22Investments Ombudsman%22

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... instances of fraudulent or grossly negligent 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 ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... instances of fraudulent or grossly negligent 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 ...

AFCA, key housing bills passed

EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... 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' and has the power to award redress above values ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... establishment of a one-stop-shop dispute body to replace the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal in presenting this year's budget. Following the Ramsay Review, having multiple external ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
... uncertain market outlook. IML founder and fund manager Anton Tagliaffero talks about the difficulty in finding quality investments in Australian equities. Brian Parker, chief economist at Sunsuper, says: "We cannot conjure high yields without the commensurate ...

Life insurance complaints down: FOS

JAMIE WILLIAMSON  |  FRIDAY, 6 OCT 2017
... lives," chief ombudsman Shane Tregillis said. As of 1 July 2018, FOS will be amalgamated with the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal to form the government's 'one-stop-shop' financial services dispute resolution ...

O'Dwyer names one-stop-shop dispute resolution lead

KARREN VERGARA  |  THURSDAY, 27 JUL 2017
... 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 RBA in September 2016 after a 40-year ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... 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 body for all financial and superannuation ...

Super disputes kept aside in Treasury review

DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
... 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. Crucially, the report does recommend creating ...

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 ...