Ramsay Report News Today

In a recent decision, the Full Federal Court has determined that AFCA did not have authority to determine a complaint relating to superannuation insurance, overturning an earlier Federal Court decisi

With no more sittings of Parliament left before the election the Compensation Scheme of Last Resort bill has lapsed. The major parties remain divided over whether Managed Investment Schemes should be included and the election will settle the dispute.

Advice associations want to know why the CSLR shouldn’t be expanded to include MISs when the advice industry is already overleveraged with levies, but product representatives have pointed to advisers contributing more to unpaid determinations.