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Showing 1001 - 1010 of 4503 results for "Case"

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... the troubled URF and related products between 2 September 2015 and 31 May 2019. Last July, ASIC dropped its Federal Court case against EP1's financial advice arm and instead ordered DASS to pay $7.2 million in penalty and $1 million to cover its ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Equip has finalised its latest successor fund transfer, adding $765 million to its funds under management. The fund's merger with BOC Super was official as of November 1, with Equip welcoming about 3000 new members in the process. BOC is a supplier ...

CDPP drops cartel charges against ANZ

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... Director of Public Prosecutions dropped charges against ANZ and an executive for their alleged involvement in a criminal cartel case. The CDPP has let ANZ and group treasurer Rick Moscati off the hook as it discontinued proceedings in relation to all ...

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
The Australian Taxation Office appointed a second commissioner to serve a seven-year term. Kirsten Fish was previously serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... "ASIC has been concerned about the consumer harms associated with add-on insurance for some time. ASIC pursued a criminal case against CBA after it was clear customers had been sold insurance that they had no use for," ASIC deputy chair Sarah Court said. ...

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
... at October 26, worldometer.com data showed that New Zealand ranked among one of the countries in the world with the lowest case of COVID-19 infections (183 out of 223 countries) and deaths (198 out of 223). But before you cry fake news - because New ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... compensate consumers affected by bad personal advice, credit intermediation, securities dealing, and credit provision should their case fail with the Australian Financial Complaints Authority. Federal treasurer Josh Frydenberg wants CSLR to commence ...

J.P. Morgan joins OpenInvest

ELIZABETH MCARTHUR  |  FRIDAY, 29 OCT 2021
J.P. Morgan Asset Management has joined OpenInvest, giving retail investors access to its multi-asset model portfolios. J.P. Morgan Asset Management joins BlackRock and Schroders on the digital marketplace, which enables self-directed retail investors ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... employee wages are paid. ISA research from earlier this year found that 47% of Australian workers believe this is already the case. A further 28% knew there was no obligation on employers to do this and a further 26% didn't know when SG payments had ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... Further, a super fund that entered into a multi-year sponsorship of a sporting team failed to provide evidence that a business case was ever considered by the board at the commencement of the arrangement. APRA also found several instances where super ...