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Showing 91 - 100 of 430 results for %22Class action%22

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
Piper Alderman launched a class action against E&P Financial Group and its former chief executive Alan Dixon for allegedly providing conflicted financial advice and engaging in misleading and deceptive conduct. The law firm has taken Dixon and E&P Financial ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... liquidation on 30 April 2021. However, the scheme remains active, as does the Ultiqa Group entities. On the back of this action, ASIC deputy chair Karen Chester put the timeshare industry on notice, warning that it must comply at all times with its obligations ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... to achieve net zero emissions by 2050 a methodology has been formulated for application within the listed equities asset class. Its basis is the measurement of portfolio emissions (scope 1 and 2) at individual stock level with an overlay applied that ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... framework when it came to the alteration of valuation adjustments. Inconsistent levels of RSE licensee consideration and action for different classes of unlisted assets were also identified. It also found that often a fund's board and management teams ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... backlash last year, the government has released exposure draft legislation for consultation on the distribution of class action proceeds in proceedings involving a litigation funder. If the legislation progresses, it will implement key recommendations ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
Link Group vowed that it will "vigorously defend" its subsidiary against a class action involving the failed Woodford Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF ...

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... investment model in affordable housing aims to overcome some of the traditional barriers to institutional investing in this asset class. It would be a Commonwealth government supported program which addresses the funding gap in affordable housing that ...

Evergreen launches RI index

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... to managed funds based on scores from each of the seven categories. The scores can be compared with other funds and asset class averages. Funds are given an overall quartile rating based on the combination of underlying scores in the categories. "As ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... itself against four superannuation class actions that involves Colonial First State Investments (CFSI). The advice class action relates to Commonwealth Financial Planning, Financial Wisdom and CommInsure, which alleges that advisers failed to act in ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... chief executive and managing director Angus Armour said the changes to disclosure obligations will help companies against class actions and insurance costs. "This reform provides greater certainty for companies to make disclosures to the market, without ...