In December 2020, a report was placed by the Parliamentary Joint Committee on Corporations and Financial Services. This report detailed serious concerns around both the litigation funding and overall regulation of the class action industry. There was a view that

Royal Commissions, class-actions, first-hand accounts from consumers wronged by companies placing profits over service – the evidence continues to mount on the ongoing misconduct of credit, insurance and banking organisations across Australia. Now, the latest story is that ASIC is

In further revolutionary changes to the insurance industry after the Financial Services Royal Commission final report, the Australian Securities and Investments Commission (ASIC) has recently released a brand-new regulatory guide (RG 275), as well as publishing ASIC (Information under the

In recent years, financial advisory firms have been under scrutiny for harming their customer bases in a variety of ways, including fees for no service and providing inadequate guidance, especially in circumstances where a conflict of interest exists between advisers

Applying for a home loan can be a time-consuming and often unpredictable process. This rings especially true when you have to borrow more than 80% of the home’s value. In that scenario, you’ll have to purchase Lenders Mortgage Insurance (LMI.)

No one likes paying for insurance, but we’re all happy we have it when things don’t go as planned. However, this only applies when insurance works as it’s supposed to. When applying for a mortgage, personal loan, or credit card,