Financial Advice

6 December , 2016

Financial Counselling Australia: Financial Counsellors Support Merger of FOS and CIO

Financial counsellors – who help hundreds of Australians with financial services disputes each year – have provided overwhelming support for the merger of the Financial Ombudsman Service and the Credit & Investments Ombudsman into a one stop financial complaints ombudsman service. Seventy-five percent of financial counsellors that responded to a survey by Financial Counselling Australia…

27 January , 2016

Harmful debt businesses paint themselves as ‘friend’ of struggling Australians

Consumers better off seeking free advice from financial counsellors

9 November , 2015

CHOICE says life insurance reforms a step in the right direction

“Watered down” announcement allows advisers to retain commissions

26 June , 2015

Consumer advocate says life insurance commissions must go

Changes proposed by industry and welcomed by government don’t go far enough

8 May , 2015

Consumers Federation joins other groups to call for compensation for victims of poor financial advice

$21.3 million in ombudsman rulings remains unpaid to consumers

22 April , 2015

Senators call for consumer compensation scheme for finance industry misconduct

Consumer Action says too many Australians have suffered at the hands of financial advisers: Consumer Action

17 April , 2015

ANZ financial planning failure more evidence of fundamental flaws across industry

Bank pays out $30 million in fee refunds

20 November , 2014

CHOICE applauds Senators working together to save financial advice protections

Upper house majority disallows previous regulation stripping consumers of protection

29 October , 2014

Report finds consumer pain from bad financial advice a global problem

CHOICE calls on Senate to delay vote on FoFA until financial inquiry report

15 October , 2014

CBA’s response to nearly a decade of financial advice failure was shonky

CHOICE CEO claims consumers expect more from a big 4 bank

15 August , 2014

Macquarie Equities’ financial advice remediation

Compensation is underway for clients who suffered financial loss as a result of bad advice

30 July , 2014

As fixed term interest rates fall to record lows, borrowers advised to look beyond the short term

CALC warns that attractive low fixed rates are unsustainable for longer term