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Showing 21 - 30 of 1208 results for "Royal Commission"

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. An amended statement of claim was filed on 7 December 2021 by Maurice Blackburn and the case was to be heard in August, but ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... manager, wealth management, before taking on the top job in an acting capacity following the fallout from the Royal Commission in 2018. In June 2019 Mota was officially named chief executive and managing director of the group. Since, the group completed ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... class action, which combined several lawsuits following revelations of the firm's misconduct during the Hayne Royal Commission, alleged that AMP failed to disclose critical market information that could have affected the share price. This included charging ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... capital raisings. Mandatory adviser registration was a recommendation that stemmed from the Financial Services Royal Commission.

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... leaders of super funds, banks, insurers, and other APRA-regulated entities at the culmination of the Banking Royal Commission. BEAR was first proposed on 4 February 2019 as part of the former Liberal government's response to the Royal Commission. ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... in March 2019, with then-chief executive Chris Powell claiming it was "the good news story" to come out of the Royal Commission, free from the "legacy issues" faced by the large incumbents.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However, AMP said that it makes "no ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders whose ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... that most people who invest in these products lose their money and that those losses are substantial." After the Royal Commission, the government introduced a comprehensive set of new laws aimed at safeguarding consumers and investors, particularly in ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... shine a light on the impact of risk failures and bad behaviour on remuneration outcomes. "The financial services Royal Commission demonstrated conclusively how poorly designed and executed remuneration frameworks can lead to bad outcomes for the community ...