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Showing 61 - 70 of 201 results for "Indemnity"

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... period. This includes a dispute resolution scheme, arrangements for compensating retail clients, to hold professional indemnity insurance and to allow the termination of existing arrangements with current clients of Union Standard. At this stage no new ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... was worried the prevalence of class actions in Australia was driving up the cost of doing business here and of public indemnity insurance.. "Mr De Ferrari runs an organisation that somehow managed to claim a gold medal for disgrace at the banking Royal ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... winding up of its four registered managed investment schemes. Australian Golden Securities is required to maintain public indemnity insurance and AFCA membership for 12 months. ASIC said both companies can apply to the Administrative Appeals Tribunal ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... membership of the Australian Financial Complaints Authority for a minimum of 12 months and hold adequate professional indemnity insurance cover." Meanwhile, ASIC has revoked its suspension of Sydney-based responsible entity Ausfunds Management's ASFL. ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... was authorised to provide. Marigold Falconer had its AFSL suspended in May 2016 following the end of its professional indemnity insurance at the end of February 2016. ASIC also found Marigold Falconer had not lodged audited financial statements for the ...

MLC waives licensee fees, delays dealer group transitions

JAMIE WILLIAMSON  |  WEDNESDAY, 1 APR 2020
... from today to June 30. Advisers will then pay just 50% of their usual fees from July 1 to September 30. Professional indemnity fees will continue to be charged. "Our responsibilities are vastly different to recent memory or what we thought 2020 would ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... practice as a planner, such as through government fees and charges, cost-recovery levies and increases to professional indemnity insurance premiums, and the impact they have on the affordability of advice.

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... increasing benefit periods to age 60, 65 and 70 by 35%. Additionally, the insurer has introduced a new option dubbed Indemnity 60 which it positioning as potentially a suitable lower cost option for some clients. "This option provides a maximum 60% income ...

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
... CountPlus said, Count Financial has charged relatively low fees to member firms, subsidising software costs and professional indemnity insurance. With Count Financial failing to turn a profit in recent years, CountPlus has removed some of these subsidies ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... objectives of accountability and responsibility and would not address issues such as capital adequacy and robust professional indemnity insurance for advice firms," it said. This FSC also recommended that the CSLR scheme be "mid-coverage" and "targeted" ...