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Showing 61 - 70 of 724 results for %22Resolution%22

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... adviser; and failed to inform the customer of their right to appeal the decision through OnePath Life's internal dispute resolution process or through the Australian Financial Complaints Authority. "If an insurer is concerned a customer has engaged in ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... further information." Under the suspension, which is in place until October next year, QFML is required to have a dispute resolution system in place through membership of AFCA. Meanwhile, ASIC has gone one step further in the cancellation of AFSL Group ...

AFA, FPA merger in best interests

CASSANDRA BALDINI, CHLOE WALKER  |  THURSDAY, 24 NOV 2022
In offering an update on the proposed merger with the Association of Financial Advisers (AFA), Financial Planning Association of Australia (FPA) chair David Sharpe said he is hoping to have the full support of members and, despite speculation, a new ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... that AFCA would prefer that complaints never reached it, but if they do the best outcome for everyone was an early resolution by agreement. "As long as the outcomes are fair and just, we think early resolution is good for everyone," he said. "For industry ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... recovery plans or to implement a voluntary exit, APRA said. As such, an effective transfer of members, and recovery and resolution of the trustee company, is paramount to the role of the baseline component. "To ensure that RSE licensees have sufficient ...

AFA posts $273,135 operational loss

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
The Association of Financial Advisers (AFA) has reported an operating loss of $273,135, an improvement of $94,655 from last year's result, as it gears up for the vote on its proposed merger with the Financial Planning Association of Australia (FPA). ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... Australia. Members include AIA Australia, ClearView, Hannover Re, Integrity Life, MLC Life Insurance, NobleOak, QInsure, Resolution Life Australasia, Swiss Re, Zurich Financial Services, Challenger, General Reinsurance Life, HCF Life, MetLife Australia ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... will be addressed with $126.3 million in funding, while more than $30 million is being provided to support dispute resolution and appeals. The government has said it will establish a review of the NDIS too. The NDIS is more expensive than ever before ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... proposed rulemaking asks for comment on potential new requirements and resources that could be used for an orderly resolution of large banking organisations, including a long-term debt requirement. The draft advance notice would also seek comment on ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... determinations. "This is a fundamental obligation of AFS licensees, and crucial in ensuring that Australia's financial dispute resolution system remains efficient and effective," she explained. ASIC found that as a director, Gribble approached AFCA determinations ...