financial ombudsman service

Financial planning

FOS claims limit set to rise to $500,000

The Financial Ombudsman Service appears set to be able to accept complaints by consumers against financial advisers up to a value of $500,000 from next year....

Financial planning

PI puts squeeze on struggling planners

Rising costs and tighter margins making it harder for individuals to run a financial planning business....

Financial planning

Criticism of expanding FOS jurisdiction

Financial Ombudsman Service investments, life insurance and superannuation ombudsman Alison Maynard and financial services lawyer Mark Halsey clash over an allegation by ...

Financial planning

FOS moves to connect with planners

The Financial Ombudsman Service has launched a Financial Planning Advisory Committee with the mandate to advise the ombudsman on all issues affecting financial service pr...

Editorial

Paying for the sins of the few

The Australian financial planning industry has a problem: levels of litigation relating to financial advice are rising and the reputation of the industry stands to be ser...

Financial planning

Advisers turn on each other

Investors are increasingly seeking legal redress against former advisers based on the recommendations of a new adviser, according to Argyle Partnership principal Peter Bo...

Financial planning

FOS complaints soaring on financial planning and managed investments

Consumer complaints to the Financial Ombudsman Service relating to financial planning and managed investments are soaring in number....

Financial planning

Banks commit to keep credit flowing to small business, where possible

Australia’s major banks said on Friday they would seek to maintain funding to small businesses, as well as pass on interest rate cuts where possible. Many small bus...

Financial planning

FOS fronts Storm Financial clients, flood victims

Financial Ombudsman Service travels to complaints hotspot....

Financial planning

UPDATED: Storm Financial clients in compensation no-man's-land

FOS avenue closed and FICS avenue in question....

Financial planning

Complaints trickling into FOS over frozen funds

Fears consumers could target advisers....

Financial planning

In the eye of the Storm

The financial planning industry is facing renewed scrutiny and criticism in the wake of the closure of Storm Financial by voluntary administrators last week...