SCT

Superannuation

A superannuation fund has been censured and ordered to compensate a member for unduly delaying a rollover to his self-managed superannuation fund....

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Financial planning

Superannuation funds have been placed on notice about the dangers of their telephone consultants drifting into their area of specific personal advice, with a fund ordered...

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Superannuation

The conflicted nature of advice fees deducted from the accounts of members of bank-owned superannuation funds have been brought into question by a former member of the Su...

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Financial planning

The Superannuation Complaints Tribunal has broken new ground by ordering a superannuation fund to reimburse nearly 10 years of fees deducted from a member’s account for a...

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Policy & Regulation

The trade union representing Superannuation Complaints Tribunal personnel claims it is wrong to wrap superannuation industry complaints into a body tasked with dealing wi...

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Superannuation

Under-funding of the Superannuation Complaints Tribunal means it could still be clearing a backlog up to four years after the establishment of the Australian Financial C...

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Editorial

Mike Taylor writes that a broad cross-section of the financial services industry has voiced its concerns about a compensation scheme of last resort but few appear to be l...

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Superannuation

A superannuation fund member who relied on a financial planner’s slideshow to pursue an insurance claim has been told to pursue the planner, not the fund....

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Editorial

Mike Taylor writes that the Australian Securities and Investments Commission was fundamental to the changes being wrought on the financial services external dispute resol...

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Superannuation

The Superannuation Complaints Tribunal has confirmed that super fund rollover processes produce inevitable winners and losers....

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Life/Risk

ASIC has examined 60,000 documents as part of its CommInsure investigation and will deliver its findings by the end of the month....

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Policy & Regulation

While the Government and FOS have supported the single ombudsman scheme, the CIO has rejected the recommendation by calling it ‘vexing’....

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Financial planning

The Government has signalled its support for the recommendations of the special panel reviewing financial services external dispute resolution for a single body amalgamat...

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Superannuation

Highly complex claims processes are forcing superannuation fund members to seek lawyer assistance in making insurance claims....

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Superannuation

Superannuation funds put a strong argument to the Government for rejecting the FOS model of external dispute resolution and retaining the Superannuation Complaints Tribun...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago