FOS fronts Storm Financial clients, flood victims

storm financial insurance financial ombudsman service commonwealth bank chief executive

24 February 2009
| By Lucie Beaman |
image
image
expand image

The chief executive of the Financial Ombudsman Service (FOS) met with Storm Financial investors in Townsville last night, in the first of what will be a series of such meetings for the industry complaints service this week.

FOS chief executive Alison Maynard met with a group of around 190 people in Townsville last night to discuss issues relating to collapsed financial planning group Storm Financial and one of the group’s associated lenders (Commonwealth Bank of Australia), as well as talking to consumers with insurance complaints in light of the North Queensland floods.

Last night’s meeting in Townsville was organised by FOS, but the group will also be presenting at meetings organised by the Storm Investors’ Consumer Action Group (SICAG) taking place in Rockhampton, Mackay and Cairns this week.

FOS will join other groups, including the legal firms representing Storm clients, in presenting to Storm clients and fielding questions.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 3 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

2 months ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

1 week 6 days ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

6 days 17 hours ago

The FAAA has secured CSLR-related documents under the FOI process, after an extended four-month wait, which show little analysis was done on how the scheme’s cost would a...

4 days 11 hours ago

TOP PERFORMING FUNDS