The Association of Financial Advisers has accused the Government of unliterally and retrospectively seeking to alter the contract which exists between licensees and the A...

The Financial Planning Association has warned the Australian Financial Complaints Authority of the risk of planners facing double jeopardy if it reopens matters already d...

The Financial Planning Association has warned the Australian Financial Complaints Authority of significant consequences if professional indemnity insurance cover does not...

Consumers can expect improved justice and recourse should they be victims of wrongdoing by the financial services industry as the result of a Senate Committee report hand...

The Government has committed to paying unpaid Financial Ombudsman Service determinations impacting consumers and small businesses up to $30.7 million....

The Australian Securities and Investments Commission has broken new ground cancelling the licenses of two accounting firms for failing to obtain membership of the Austral...

The Australian Financial Complaints Authority has established a Consumer Advisory Consumer panel led by a former board member of the Consumer Action Law Centre....

Professional indemnity insurance premiums are rising because fewer insurers are participating in the market and questions are being asked about whether small, self-licens...

The Government has empowered the Australian Financial Complaints Authority to deal with complaints dating back to 1 January, 2008....

The recommendation from the Royal commission to introduce a last resort compensation scheme for consumers suffering a financial loss from advice failures is a win for SMS...

The minister under whose watch much of the current workload of the financial services industry was generated, Kelly O’Dwyer, has announced her exit from politics at the n...

The new Australian Financial Complaints Authority has called for a last resort compensation scheme while citing $16 million in unpaid determinations, 52 per cent of which...

The Australian Financial Complaints Authority reported it received over 13,000 phone enquiries in its first month of operation. ...

Rather than increasing funding to the regulators the Government should be pursuing a last resort compensation scheme, according to the Victims of Financial Fraud group....