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Showing 51 - 60 of 303 results for "Financial Complaints Authority"

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
Responding to the Australian Financial Complaints Authority (AFCA) consultation on Approaches to Family Violence and Financial Abuse of Older People, Super Members Council (SMC) is calling for greater safeguards for Australia's vulnerable, ageing population. ...

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
... most efficient and equitable way to fund the special levy is to spread it across all Australian Financial Complaints Authority (AFCA) sub-sectors. The sentiment aligns with the Financial Advice Association Australia's (FAAA) suggestion earlier this ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... via superannuation funds' reserves. InterPrac is currently facing $22 million worth of Australian Financial Complaints Authority (AFCA) pertaining to its representatives' alleged roles in the loss of $1 billon of investor money. InterPrac managing director ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... responsibility for funding the levy spread further. It has recommended all members of the Australian Financial Complaints Authority be required to contribute. It added that the CSLR needs to be treated as a genuine scheme of last resort, meaning ASIC ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... use of lead generators and failed to advise clients of their rights to complain to the Australian Financial Complaints Authority. As a result, MWL managing director Nicholas Maikousis has been banned from providing financial services for 10 years. ASIC ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian Master Fund. Sequoia said ...

Investments, advice complaints jump 18%

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... Master Fund, First Guardian Master Fund and Brite Advisors. This is according to the Australian Financial Complaints Authority (AFCA), which took in a total of 4193 submissions for the period. There was a whopping 95% rise in complaints involving SMSFs ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... licence of Brite Advisors after it failed to pay a compensation order upheld by the Australian Financial Complaints Authority in May. This led to a payout from the Compensation Scheme of Last Resort. Brite Advisors entered court-ordered liquidation in ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
The Australian Financial Complaints Authority (AFCA) is urging financial advisers to gain clarity and better understanding on whether the wholesale investor test applies when advising SMSFs. Even if SMSF trustees have extensive investment experience ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... Advice Association Australia (FAAA) and four other professional bodies are urging the Australian Financial Complaints Authority (AFCA) to name and shame financial firms that fail to follow through on a determination as more than 60 have failed to do ...