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Showing 41 - 50 of 142 results for "Legal action"

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... December 2018 to disqualify five IOOF directors from acting as super trustees. Following the Royal Commission and APRA's legal action IOOF shares fell by more than 35% to a five year low. Quinn Emanual alleges IOOF's conduct breached continuous disclosure ...

Australian Ethical divests IOOF

KARREN VERGARA  |  FRIDAY, 18 JAN 2019
... Royal Commission's final report before making a decision about whether to divest from IOOF. "However, APRA's legal action in December 2018 prompted us to review the regulator's published information in support of the action, as well as IOOF's ...

Super funds defend $5bn infrastructure investment

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
... remain the only major supplier of port services for container cargo in NSW for 50 years," Sims said. "We are taking legal action to remove a barrier to competition in an important market, the supply of port services, which has significant implications ...

Pension funds feel the heat on climate change

JAMIE WILLIAMSON  |  THURSDAY, 13 SEP 2018
... 31st, while the Future Fund ranked 41st with a D-rating. Ranking 52nd, Rest also received a D-rating with recent legal action taken against it by a member, further demonstrating the potential risk to pension funds in not presenting a legitimate strategy ...

Industry names team up for cryptocurrency fund

JAMIE WILLIAMSON  |  THURSDAY, 21 DEC 2017
... policies?-?directly or indirectly?-?I will not hesitate to terminate the employee immediately and take appropriate legal action."

ANZ and ASIC settle over BBSW case

DARREN SNYDER  |  MONDAY, 23 OCT 2017
... a period between March 2010 and May 2012. At the time a statement released by ANZ said it will "vigorously defend legal action brought by ASIC." The corporate regulator also commenced proceedings against Westpac and NAB in 2016.

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... breaching anti-money laundering and counter-terrorism financing laws. BT Financial Group said it will defend the legal action in relation to its life insurance products. BT chief executive Brad Cooper said there are different channels for people to buy ...

CBA climate risk court case abandoned

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
... the proceedings, though oppose EJA's claims that its decision to now disclose climate risks is in response to the legal action. In a statement, CBA labelled the claims "untrue" and said its 2016 and 2017 annual reports were both compliant with statutory ...

Super funds must address climate risk: Market Forces

EMMA RAPAPORT  |  THURSDAY, 3 AUG 2017
... to disclose evidence they have considered climate risk in their investment portfolios has left them vulnerable to legal action according to a financial services activist group. Analysis provided by Market Forces, an affiliate project of environmental ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
The Australian Council of Superannuation Investors is urging the Federal Government to introduce laws requiring companies to report on the steps they are taking to ensure supply chains are free of slavery. This, according to ACSI, will enable increased ...