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Showing 71 - 80 of 144 results for %22Financial Ombudsman Service%22

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... (67%) of which focus on banking, followed by superannuation (11%) and general insurance (6%). The Financial Ombudsman Service recently suggested in a submission to the Royal Commission that financial advisers account for more than a third of all serious ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...

Complaints authority welcomes new chair

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
... will enhance their ability to deal with large institutions. AFCA consolidated the functions of the Financial Ombudsman Service, Credit and Investment Ombudsman, and Superannuation Complaints Tribunal into one governing body. AFCA will start receiving ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
... the industry, according to the SMSF Association. Establishing AFCA consolidated the functions of the Financial Ombudsman Service, Credit and Insurance Ombudsman, and Superannuation Complaints Tribunal into one governing body, which was approved in parliament ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
The Financial Services Council and Financial Ombudsman Service named the chair of the committee tasked with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving ...

AFCA, key housing bills passed

EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... consumers, small businesses and retail investors. The new authority combines three oversight bodies - the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT) - into a 'one-stop-shop' ...

Federal Government names Royal Commission lead

JAMIE WILLIAMSON  |  MONDAY, 4 DEC 2017
... resonates throughout our industry is amply demonstrated by the miniscule number of complaints to the Financial Ombudsman Service about the stockbroking industry. For the year ended June 2017, FOS received a total of 39,479 disputes. Of these only.003% ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... Treasurer Scott Morrison set in motion the establishment of a one-stop-shop dispute body to replace the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal in presenting this year's budget. Following ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
... - AFA caps its annual conference with an awards gala ceremony for the 2017 Practice of the Year, which went to Mediq Financial (received onstage by Ravi Agarwal) and the 2017 Adviser of the Year Award went to Charlie Fraser from Shadforth Financial. ...

NAB launches customer chatbot app

KARREN VERGARA  |  FRIDAY, 6 OCT 2017
... clauses, and disclose fees and charges up front promising "no hidden surprises." The changes come after NAB announced financial indicator covenants will no longer be used in most loan contracts for new and existing small business customers with total ...