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Showing 1101 - 1110 of 2691 results for "Fair"

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
CommInsure admitted it misled the Financial Ombudsman Service that was helping resolve a claimant's dispute by deliberately withholding medical information and delaying the process, the Royal Commission heard yesterday afternoon. Counsel assisting ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... Australians may be out of pocket and a handful of banks have lined their pockets. Slater and Gordon doesn't think that's fair and we are saying, enough is enough," he said. "We don't believe there is any justification for a bank-owned fund ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
ASIC commenced Federal Court action against MLC Nominees and NULIS today in relation to the significant advice fees charged to superannuation members despite no financial advice being provided. ASIC alleges NULIS and MLC Nominees - the current and former ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
Key superannuation industry bodies have welcomed the Federal Government's decision to back flip on its longstanding proposal to increase the Age Pension age to 70. ISA deputy chief executive Matt Linden said the peak body for industry superannuation ...

Drought-hit farmers turn to advice

KANIKA SOOD  |  MONDAY, 3 SEP 2018
This July was the driest in Australia for 16 years. Almost 100% of New South Wales and 57% of Queensland is in drought and financial advisers are dealing first-hand with the impact. The numbers are startling yet they don't come close to measuring ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... in "ethically unsound" ways that delayed remediation by negotiating with ASIC and advocating for an opt-in remediation or "fair value" approach to ultimately reduce the amount paid to members; NAB not being "full and frank" with ASIC of the exact amount ...

Government introduces financial literacy strategy

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
... centre of this national strategy." He added the financial sector as a community should be engaging in practices that promote fair consumer outcomes. "In particular, we need to continue to encourage women to be more confident with money, young people ...

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... highlighted the value of industry super. Spent a lot of time on race tracks, worked in financial services and have now watched a fair bit of the Royal Commission. Firmly of the belief that the horse racing industry is better regulated (by the length ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
There are signs of life in Fairfax yet but the big banks are less promising, according to Auscap Asset Management. Speaking at the Financial Standard Adviser Big Day Out in Wollongong this morning, Auscap head of distribution Lee Hopperton provided ...

Failed industry fund merger laid bare at Royal Commission

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
Energy Super backed down on its plan to merge with the now $14 billion Equipsuper, who wanted no union-nominated board seats for the merged fund, even though the merger would have delivered significant financial benefit to Energy Super's members, the ...