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Showing 131 - 140 of 430 results for %22class action%22

AMP appoints advice transformation manager

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... at Westpac, Citi and Macquarie Group. Her appointment comes amid upheaval for AMP's financial adviser network. A class action was filed in July against AMP by its own advisers in relation to the institutions decision to slash Buyer of Last Resort valuations. ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... Barnden who has two other cases related to climate change on foot. O'Donnell v Commonwealth and Ors is a potential class action with lead claimant Katta O'Donnell, who owns Australian government bonds. O'Donnell is seeking to hold the Australian ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... monitor financial crime and anti-money laundering under the eyes of AUSTRAC on October 29. The law firm filed the class action in January this year at the US District Court for Oregon on behalf of investors who purchased Westpac shares between 11 November ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
... remuneration practices. APRA awaits the outcome of an internal Bendigo and Adelaide Bank review before determining whether further action is required.

IFM jumps on net zero bandwagon

ELIZA BAVIN  |  TUESDAY, 13 OCT 2020
... reducing greenhouse gas emissions across its asset classes, targeting net zero by 2050. IFM said the move is an extension of action already being taken by its infrastructure assets to reduce emissions through investment in renewable energy and other ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... the proposed tax cuts. "We've said that we will support the income tax cuts that provide extra help or lower and middle class workers. We've said for some months that we would support that," Chalmers said. "We are inclined to support [the business tax ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... receiving new members until a further annual test that shows they are no longer underperforming. The measure will kick into action from 1 July 2021 with MySuper and then extend to all "trustee-directed" accumulation products outside of MySuper from 1 ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... The deal excludes the bank's 37.5% equity interest in BoCommLife Insurance Company. It was only last month that a class action lawsuit was filed against CBA by Shine Lawyers on behalf of customers who obtained CommInsure life insurance products recommended ...

Count Financial adds member firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
... them to continue delivering quality advice at a time when Australians need it more than ever," he said. It comes as class action proceedings were filed against Count Financial by Piper Alderman who alleges it did not ensure its financial advisers did ...