SUPERANNUATION COMPLAINTS TRIBUNAL

Superannuation

Up to 20 complaints left unfinished by the final closure of the Superannuation Complaints Tribunal will need to be handled by the Australian Financial Complaints Authorit...

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Financial planning

The authority handled over 70,000 complaints signalling there is more to be done to restore faith in financial services....

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Financial planning

The Superannuation Complaints Tribunal has held that a superannuation fund member has remained responsible for the lapse in his insurance cover even when the forms were f...

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Expert Analysis

Financial services barrister Noel Davis examines the testimony given to the Royal Commission and its ultimate findings and suggests that for as much as it discovered ther...

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Policy & Regulation

A senior financial services barrister has revealed that the Australian Securities and Investments Commission was reluctant to pursue prosecutions because of the embarrass...

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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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Policy & Regulation

The new ombudsman vows to “proactively work with consumers, small business and the financial services sector to resolve and reduce financial disputes”....

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Editorial

The Government has commissioned a timely review of the external dispute resolution schemes covering financial services, but it should focus more on equity and effectivene...

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Life/Risk

Predatory legal claims around TPD insurance should be rejected, with many jumping the gun and easily able to be defeated, according to a lawyer working in the insurance a...

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Life/Risk

The structure and payment arrangements of TPD is dragging on its sustainability and needs to be changed, according to the former chair of the SCT....

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Superannuation

Industry fund chief executive wants banks and AMP to abide by a best interest duty when providing super via employers....

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Superannuation

Super fund trustees are urged to resolve complaints internally before they reach the Superannuation Complaints Tribunal....

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Financial planning

A Budget user-pays approach to financial services regulation could hit licensee and other planning costs....

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Superannuation

Macquarie Bank's David Barrett takes a closer look at the cost complexities of setting up a SMSF....

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MARKET INSIGHTS

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