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Showing 101 - 110 of 433 results for %22Class action%22

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 ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... service an AMP client book. That was the price set by AMP. It was never a market value," he said. This set in motion a class action brought against AMP by its own advisers. The action is ongoing, with AMP Australia chief executive Scott Hartley declining ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations and are to ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... that IFM Investors had put Tandem Group (a telecommunications company which it owns) into administration due to a class action. Wilson alleged the company was ripping off contractors and employees. Silk confirmed he had questioned IFM on the matter after ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... manipulating the LIBOR rate to the advantage of hedge funds. The scandal also resulted in US homeowners filing a class action against their mortgage lenders, claiming that LIBOR manipulation made mortgage repayments more expensive. This case was based ...