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Showing 91 - 100 of 28646 results for "Australian"

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Australians want total control over how they spend their retirement savings but are willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... $4.8 billion. The FSU played a key role in detecting wage theft and holding Commonwealth Bank to account, according to Australian Council of Trade Unions (ACTU) president Michele O'Neil. "Congratulations to the union that stood by Commonwealth Bank ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Compensating Dixon Advisory and Superannuation Services (DASS) victims continues to eat up the Australian Financial Complaints Authority's (AFCA) time and resources, so much so that a "lead decision" has been published to expedite the process. The complaints ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
The corporate regulator filed a lawsuit against a Queensland man who allegedly deceived people he knew into handing over $100 million to invest in companies he owned without a financial services licence. ASIC commenced proceedings in the Federal Court ...

Investment Trends ranks top five platforms

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... platforms between the UK and Australia. "We can't help but attribute - at least in part - the strong performance of Australian platforms to the agility in identifying the growing demand for the asset class and the timely solutions deployed to address ...

Indexed strategies to hit $1tn in two years

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... BlackRock account for 68% of the total indexed FUM. "The 'Big-3' hold 73% in international equities but 58% in Australian equities, while in asset classes with low indexing ratios the 'Big-3' concentration is even greater, surpassing ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... Corporation of Victoria, Persol Australia Holdings, and the Australia-Japan Foundation, and previously served on the board of Australian Financial Markets Association. "During my tenure as chair, AMP has undergone a significant transformation to set ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... professionals will also be able to learn more about major issues directly affecting SMSFs. Heffron said this includes the Australian Taxation Office's (ATO) focus on disqualifying people and illegal early release. "I'm hoping we don't see ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... Research commissioned by the Financial Services Council (FSC) reveals that within the next decade, nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research ...