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Showing 51 - 60 of 195 results for "AFCA"

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... borrowing arrangements (LRBAs) that could put their retirement savings at risk. The Australian Financial Complaints Authority (AFCA) and ASIC remain concerned about inappropriate advice to SMSFs. ASIC identified concerns about SMSFs taking advice encouraging ...

Former DASS clients flood AFCA with complaints

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
... in dealing with their case. On August 3, ASIC publicly urged former clients of the group to lodge formal complaints with AFCA if they believe they suffered a loss due to misconduct related to financial advice. As at November 1, more than 1600 former ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... was a director, former AFS licensee Qsmart Securities and Quantum, refused or failed to give effect to determinations by AFCA. In 2020, AFCA made a total of seven determinations against Qsmart and Quantum in response to complaints about unauthorised ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
... broadening the scope of the scheme to include the entirety of the jurisdiction of the Australian Financial Complaints Authority (AFCA)." Such amendments would ensure equity for industry and consumers as well as long-term sustainability for the scheme ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... to greater risk of poor documentation and a future increased workload for the Australian Financial Complaints Authority (AFCA)," it said. IMAP did acknowledge Levy's recognition of the "bureaucratic approach' at ASIC. "Which has resulted in needless ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... uncertainty and licensee caution has been a subject discussed at length within the advice community in recent years, with AFCA saying it isn't surprised by the level of fear in the industry when it comes to ASIC. Association of Financial Advisers chief ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Advisory clients to register their complaints with the Australian Financial Complaints Authority before Dixon Advisory's AFCA membership is cancelled in April 2023.

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... compensation of up to $150,000 to eligible consumers who have a determination from the Australian Financial Complaints Authority (AFCA) relating to personal financial advice, credit intermediation, securities dealing and credit provisions that remains ...

Casey Thompson joins First Super board

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
... directors. Meanwhile, last week, First Super entered a new partnership with the Australian Forest Contractors Association (AFCA). The association is the peak body for forest contracting businesses. "First Super has always had strong links with employers ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... their website about their remuneration and other benefits they receive, their internal dispute resolution procedures and AFCA, the paper adds. Levy said she remains unpersuaded SOAs provide any real protection to consumers. "In my own experience, SOAs ...