Financial Rescue

28/05/2024

For victims of financial misconduct, recouping losses can be a rather intensive process. At Financial Rescue we can help you with this process from start to finish.

Don't know if your complaint is suitable for AFCA?
We can help.
Not sure where to start the AFCA process?
We can help.
Want some support to understand the requirements?
We can help.
Have your AFCA determination but not sure how to navigate the CSLR?
We can help.
Not sure where you are in the process but know you received bad advice?
We can help.

Phone us at 1300 095 561
Email us at [email protected]
Or have a look at our website; https://www.financial-rescue.com.au/

12/06/2023

Today was a special day. I would like to take this opportunity to thank friends, family and colleagues. Nobody is awarded an OAM without the support of others. I am fortunate that my community has supported me and provided me the opportunity to achieve so much. Thanks to every one of you for your assistance and friendship which has made this all possible. Special mention must of course go to Lenore Kendall who has challenged and supported me without fail for the the last 35 years. Thanks also to my colleagues at Tupicoffs - The Independent Financial Planners and Financial Rescue. I have to recognise the clients of Tupicoffs who trusted me to worry about their money so they didn’t have to, and the clients of Financial Rescue, who, after enduring financial trauma from others, still believed I could recover their losses. A big thank you to the members, staff and directors of the Financial Advice Association Australia - FAAA and the Financial Planning Standards Board who helped me take my mission to make a meaningful positive difference, from local to national and ultimately international. Neil Kendall OAM

25/07/2018

http://ow.ly/8iGX30l6Bup

A former AMP planner describes the company as a dictatorship and says he was pressured to sell in-house products, including to a client who would have been left thousands of dollars a year worse off.

23/07/2018

"On 28 June this year, ASIC unveiled the findings from a major review into SMSF advice. It wasn’t pretty."

If you have been affected, contact us today! 1300 095 561

With Westpac and its subsidiaries bowing out of the SMSF lending space the future of this niche offering is uncertain. Westpac’s decision to pull out of SMSF lending (it will continue to service ex

22/07/2018

http://ow.ly/bau430l29Ms

Over the past week, four separate lenders have announced their exit from the SMSF lending space, with a further two banks saying loans will no longer be offered to SMSFs.

22/07/2018

"The Hayne royal commission into banking has also cracked down on financial advisers who encourage SMSF trustees to invest in property where it is not in their best interests."

Morningstar provides investment research for stocks, funds, ETF's, credit, and LIC's as well as financial data, news, and investing articles and videos.

21/07/2018

"…This is how the scam worked. There are a huge number of unsold, used and new small inner city apartments that sellers are desperate to get rid of. They engaged a series of real estate sales people on truly enormous commissions to sell the apartments at inflated prices. The sales people were linked to people who would set up self-managed funds (or use existing ones) and arrange the borrowings. Melbourne was the home of many of the scams but they existed in Sydney and Brisbane. Most apartments were sold above the top of the markets and they have fallen at least 20 to 25 per cent in value. And if the unfortunate self-managed fund beneficiary bought an apartment in Melbourne that was cladded in flammable material the fall might be 50 per cent or greater — if they can find a buyer at all."

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21/07/2018

"ASIC made it pretty clear in a report released two months ago that lending for property in SMSFs scores very badly in terms of whether advisers are acting in the client’s best interests." Read more below.

This is a game changer.

20/07/2018

"Mr Cribb’s behavior came to light in ASIC’s investigation to SMSF advice, the findings of which show 10 per cent of 250 randomly selected clients would be significantly worse off in retirement based on the advice they were given." If you are seeking compensation, but don't know how, contact us today. 1300 095 561

A financial adviser has been slapped with a ban and suspension for questionable SMSF advice, as ASIC faces pressure to capture dodgy behaviour as the Royal Commission unfolds.

20/07/2018

"Following an investigation, ASIC found that Cribb failed to act in his clients’ best interests when providing advice on self-managed superannuation funds (SMSFs)."
If you want to know about how to be compensated for your losses, contact us! 1300 095 561

ASIC has banned Queensland financial adviser, James Cribb, from providing financial services for four years.

19/07/2018

“Buying property with your superannuation is an accident waiting to happen”.

As Westpac announces it won’t offer self-managed superannuation funds loans for new consumer or business lending, RiskWise warns that buying property with super is “an accident waiting to happen”.

18/07/2018

Westpac has pulled out of new SMSF Property loans. So what does this mean for you?!