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Showing 551 - 560 of 882 results for "FOS"

Adviser reform about recovering social licence

MARK SMITH  |  THURSDAY, 6 OCT 2016
... Terry Rhodes, BT Financial national life insurance product manager Scott Moffitt, former AFA chief executive Richard Klipin, FOS lead ombudsman investments and advice June Smith, and APRA board member Geoff Summerhayes discussed all the major talking ...

More transparency needed on fossil fuel investment

DARREN SNYDER  |  THURSDAY, 29 SEP 2016
Financial services activist group Market Forces is imploring superannuation funds to vote against remuneration reports at the upcoming AGMs of several fossil fuel companies. The plea is based around company executives proposing to receive bonuses for ...

NAB pays $6.5m to resolve advice complaints

KERRIE SYDEE  |  WEDNESDAY, 28 SEP 2016
... independent financial advice if they need help understanding the outcome of the CRI Negotiated a streamlined review process by FOS if customers to not accept the outcome of the customer response initiative NAB's commitment: NAB will advise ASIC of all ...

Super fund investment transparency can improve

DARREN SNYDER  |  FRIDAY, 23 SEP 2016
Superannuation fund disclosure is under a spotlight for the second time in as many weeks. This time the focus is centred on super funds' investment portfolios with a survey from activist group Market Forces showing 86% of Australians want to know where ...

Instos seeking smart carbon plays

DARREN SNYDER  |  FRIDAY, 23 SEP 2016
A global equities manager says divesting out of stranded assets and reinvesting in energy efficiency-driven companies is a strategy resonating with institutional investors. Impax Asset Management managing director and co-head of listed equities, Bruce ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
The Association of Financial Advisers (AFA) has called for 'substantial improvements' to be made to the draft Life Insurer Code of Practice and is willing to see implementation delayed to ensure improvements are made. The call to the Financial Services ...

Super funds seeking low carbon mandates

DARREN SNYDER  |  WEDNESDAY, 7 SEP 2016

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 ...

Inflows and performance boost Australian Ethical profits

MARK SMITH  |  WEDNESDAY, 31 AUG 2016
Australian Ethical has extended its run of strong financial performance, raising net after tax profits 53% to $3 million in the 12 months to 30 June. The rise in profits was driven by net inflows of $319 million, up 78% on last year. Group funds under ...

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
... 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 ...