Search Results | Showing 1 - 10 of 46 results for "Investments and advice" |
| | | ... the firm can bring their complaints to AFCA whilst the membership is current," AFCA lead ombudsman for investments and advice Shail Singh said. "We recognise the impact these circumstances have had on this group of consumers." Empathising with former ... |
| | | | ... June end, the highest number on record and the third consecutive year complaints have exceeded 100,000. Investments and advice complaints increased by 56%, primarily driven by the Shield Master Fund and First Guardian collapses, while complaints alleging ... |
| | | | ... and provide appropriate, well supported financial advice. That did not happen here," AFCA lead ombudsman investments and advice Shail Singh said. Singh noted that the adviser did not make adequate inquiries into the complainant's circumstances, failed ... |
| | | | ... complaints filed in relation to the collapsed schemes has increased to more than 1800, AFCA lead ombudsman investments and advice Shail Singh said in the update. Hence, adopting a lead decision approach is needed to resolve large numbers of similar complaints ... |
| | | | ... in emerging technologies including AI will serve our members well as we continue to innovate in service, investments and advice for their benefit," McLoughlin said. McLoughlin thanked outgoing director Patricia Faulkner for contribution over the past ... |
| | | | ... funds. The number of AFCA complaints grew by 100 from early November. At the time, AFCA lead ombudsman for investments and advice Shail Singh said while 1559 was a big number, he was concerned that AFCA had not received more given the total number of ... |
| | | | ... review shows that in FY25, and for the second consecutive year, more than 100,000 complaints were lodged. In investments and advice, large scale collapses in the financial advice industry contributed to high volumes of complaints against advisers and ... |
| | | | ... said. Despite ongoing issues in the superannuation sector, AFCA said it noted no systemic risks within the investments and advice industry. "AFCA did not confirm any systemic issues in the investments and advice product area in the past two quarters. ... |
| | | | ... There was a whopping 95% rise in complaints involving SMSFs to 1323, comprising one third of complaints in investments and advice. Complaints alleging failure to act in the client's best interest rose 124% to 1266. "What we're seeing in complaints ... |
| | | | ... the fund's asset base is below $10 million, AFCA lead ombudsman Shail Singh and senior ombudsman for investments and advice Patrick Hartney say. "AFCA applies the law as it stands. This is spelled out in the Corporations Act, where Section 761G (6) ... |
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