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Showing 41 - 50 of 203 results for "Indemnity"

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
... February, and most recently signed a deal with Mastercard. The crypto exchange has also successfully obtained professional indemnity insurance. "We have really seen over the past 12 months the cryptocurrency landscape in Australia grow and evolve and ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... sanctions. At the beginning of the hearing, Falinski asked University of NSW professor Scott Donald whether creating an indemnity insurance market for penalties risks creating moral hazard for super fund executives, as they would be protected against ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... financial advisors for the allocation of fault," Burgess said. Additionally, the association is backing for professional indemnity insurance to play a bigger role in the broader compensation framework. SMSFA chief executive John Maroney said that PII ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... on the legislation with stakeholders. It will also consult on proposals to enhance the effectiveness of professional indemnity insurance in responding to compensation claims. The Financial Planning Association of Australia said advisers' PI insurance ...

MLC Life refreshes income protection offering

ANNABELLE DICKSON  |  WEDNESDAY, 29 SEP 2021
... said the insurer "went back to the core principle of how we could meet customer needs". "We looked at the principles of indemnity, and insuring definable, calculable, and meaningful losses caused by accident, injury, or illness," Rogers said. "We believe ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
... a 'key person'. The licence will remain in effect for 12 months to maintain an AFCA membership and hold professional indemnity cover. Pure Strategy and Ackerman have appeal ASIC's decision by the Administrative Appeals Tribunal.

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... that ASIC introduces minimum capital requirements for advice licensees and takes proactive oversight of professional indemnity insurance (PI) held by licensees. FSC chief executive Sally Loane said: "For the CSLR to genuinely be a scheme of last resort ...

NAB partners with life insurance, advice provider

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... strategic partnership agreement with Avant Mutual and its lending subsidiary, Kooyong Group. Avant Mutual provides medical indemnity insurance, life insurance, financial advice and travel insurance. NAB plans to white label Medfin products provided by ...

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... also pay the Tax Practitioners Board levy ($700 per adviser), licensee fee (about $50,000 per year), while professional indemnity costs alone can take the total to $100,000. "That ought to give you an extent of the ludicrous situation we find ourselves ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
... allow time for a dispute resolution scheme and further arrangements for compensating clients, including professional indemnity insurance. Bevan has applied to the Administrative Appeals Tribunal for a review of ASIC's decision.