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Showing 1 - 10 of 10 results for "PII"

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... including home detention. CSLR chief executive David Berry recently warned AFSLs and their professional indemnity insurers (PII) that fail to pay a determination under the scheme will see their licence revoked. While the cancellation might not be "automatic" ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

How advisers protect themselves from 'rogue' clients

KARREN VERGARA  |  FRIDAY, 23 FEB 2024
... relationship] but it's particularly setting you up to protect against an AFCA complaint, professional indemnity insurance complaint (PII), or even an ethics complaint," he said. Every three years, advisers should offer clients a "re-onboarding" process. ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 decisions AFCA delivered in the 2023 financial year, there were 40 instances of non-compliance. While this is ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... indemnity insurance to play a bigger role in the broader compensation framework. SMSFA chief executive John Maroney said that PII "is a vital component" for the long-term financial sustainability of the CSLR as it is essentially a mechanism for reducing ...

ANALYSIS: The rise of the periphery

LAURA MILLAN  |  MONDAY, 22 JUN 2015
When the global financial crisis broke, people dubbed them the PIIGS. Portugal, Italy, Ireland, Greece and Spain were the ugly ducklings of Europe. They had inefficient economies, had been relying on EU funding and were heavily indebted. Today, most ...

KRudd comeback biting

BENJAMIN ONG  |  THURSDAY, 23 FEB 2012
Now that Greece has again been relegated to a mere afterthought, the latest PMI update from Markit Economics reminded all and sundry that, Greece bailed out or not, a recession is still waiting in the wings in Europe. The Markit Economics preliminary ...

Rating agencies back Perpetual's new business

Rating agencies have signalled a renewed confidence in Perpetual's new business with its International Share fund receiving strong ratings received from Morningstar, IWL and Zenith. Navigator and Standard & Poor's have also removed their 'hold' positions. ...

Hillross gives Perpetual International the thumbs-up

Perpetual Investment's new Dublin-based international capability - PI Investment Management Limited (PIIML) - has been included on Hillross's fund-of-fund product. Perpetual said the fund had already received $30 million in funds as a result of being ...

New Perpetual business scores local and Irish win

Irish Life, the largest distributor of pensions and investment products in Ireland has appointed Perpetual Trustees' new global equities business, PI Investment Management (PIIML), as an external manager. The appointment follows van Eyk's recent decision ...
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