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Showing 1 - 10 of 206 results for "Indemnity"

ASIC zeroes in on recurring compliance breaches

VINNY VUCAGO  |  THURSDAY, 10 SEP 2026
ASIC has warned financial advice licensees to address lapses in reference checking, professional indemnity insurance and superannuation advice practices in an update released this week. The regulator has recently released new guidance for professional ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
... it," he said. "They're asking about cost-recovery payments. Under a trust deed, a trustee has a general right of indemnity for costs incurred in the proper performance of its duties as trustee, and that's one of the ways we try to keep member ...

Andrew Hewison to step down after Pemba Capital investment

MATTHEW WAI  |  THURSDAY, 3 SEP 2026
... ultra-high-net-worth Australians, and operated without commissions or product influence while maintaining a zero professional indemnity claims record across its 40-year history.

ASIC suspends AFSL of GFA Capital Markets

RIDDHIMA TALWANI  |  THURSDAY, 6 AUG 2026
... limited purposes of maintaining its Australian Financial Complaints Authority (AFCA) membership, holding professional indemnity insurance, and complying with written notices issued by ASIC. "Prior to the expiration of its suspension period, GFA must ...

FSC calls for tougher oversight of advice licensees

VINNY VUCAGO  |  THURSDAY, 30 JUL 2026
... Register, improving the use of existing licensing and enforcement powers, and strengthening oversight of professional indemnity insurance, including a review of minimum cover requirements. FAAA chief executive officer Sarah Abood warned the proposals ...

AFCA to update rules on new genetic testing laws

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... the complainant was misinformed about the cover. The exception would also cover the complaint relating to a medical indemnity insurance product or relates to an allegation of the soliciting or use of protected genetic information by a life insurer. Some ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... latter taking on all assets and liabilities of the troubled advice practice. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian.

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... latter taking on all assets and liabilities of the troubled advice practice. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian. Going forward, Sequoia's board ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... levy of $47.3 million may be divvied up across superannuation funds and SMSFs. He may also rope in the professional indemnity insurance (PII) sector. Mulino also promised to publish an options paper early this year on the post-implementation reform of ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... post-sale. He is also currently the head of legal, risk and compliance at Sequoia. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian. Sequoia said it believes the ...
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