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Showing 61 - 70 of 95 results for "Financial Ombudsman"

Perpetual partners The Fold to help accountants

MARK SMITH  |  TUESDAY, 7 APR 2015
... designed for independent accountants. Representatives from The Fold will also be in attendance as well as the Financial Ombudsman Service, who will talk to aspects of external dispute resolution.

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... should fund a default consumer protection scheme to ensure consumers are paid when awarded compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System Inquiry (FSI). The proposal was made in light of the 105 FOS ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... with the offer they receive can only contest that offer if they are prepared to initiate an action at the Financial Ombudsman's Service (FOS)," commercial lawyer Ben Hardwick said. He asked for a purpose-built review scheme with experts solely focused ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... $5,000 to cover the costs of that. Unsatisfied Macquarie customers will be able to raise the issue to the Financial Ombudsman Service (FOS), which has agreed to waive the usual limitation periods or claim thresholds in this particular matter. The EU ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... from CFPL or FW, as well as the compensation offer. Clients will also be able to refer their matter to the Financial Ombudsman Service (FOS) with both licensees "agreeing to waive any limitation period or claim threshold that would normally apply to ...

Macquarie tight-lipped on EU details

LAURA MILLAN  |  FRIDAY, 25 JUL 2014
... independent expert. The group also said that "client remediation approach based on consistent application of Financial Ombudsman Service principles and is subject to oversight by Deloitte and ASIC.

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... whether compensation is payable and, if so, how much. Customers will also be able to take the matter to the Financial Ombudsman Service. Narev did not give details of how the independent panel would be set up, how its members will be chosen or who they ...

FOS model outdated, in need of major change

LAURA MILLAN  |  WEDNESDAY, 12 MAR 2014
The current Financial Ombudsman Services (FOS) model is in need of major changes in order to meet industry and consumer expectations, an independent review found. The review conducted by Cameron Ralph Navigator (CRN) is the first independent review ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
... can pursue," Slattery said. The legal paths SMSFs can pursue include personal Indemnity schemes such as the Financial Ombudsman and the banking and credit legislation.