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Showing 141 - 150 of 3899 results for "Law"

Canadian pension giant sued over alleged climate failures

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025
... dramatically reduced retirement benefits, the need for substantially higher contribution rates, or both," the plaintiffs' law firms Ecojustice and Goldblatt Partners said. "Despite the legal duty to invest in contributors' best interests, CPP ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
Netwealth has applied to the government for financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 in order to compensate members impacted by the First Guardian failure. This morning, the listed platform and superannuation ...

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... believe that Mr Videkanic is not a fit and proper person, is not competent and is likely to contravene a financial services law," ASIC said. The banning order took effect from 25 August 2025. Last month, ASIC deputy commissioner Sarah Court told a parliamentary ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... applies discretion if nominations are non-binding or contested, while ensuring everything is in compliance with superannuation law. Even if an insurer approves a claim, the super fund will still need to complete its trustee processes before making the ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... short period. As a result, ASIC believes Spooner is not a fit and proper person, is likely to contravene financial services law, and is banned from participating in financial services-related functions for eight years. Spooner's ban has been recorded ...

Qualitas co-founder trades in equity for $53m

KARREN VERGARA  |  MONDAY, 20 OCT 2025
Qualitas group managing director Andrew Schwartz is offloading 15.1 million shares in the company he co-founded to rake in about $52.9 million. Schwartz is selling about 5% of his total stake to an unnamed large global listed equities manager. He told ...

Federal Court dismisses Freedom Insurance staff allegations

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ...

Family trusts safe from reform for now: Mulino

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
Minister for financial services Daniel Mulino has said the government is not currently looking at reforming the tax treatment of family trusts. Appearing on Sky News this morning to discuss this week's changes to Division 296, Mulino was asked whether ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... generators are not licensed, and they don't really have any obligations. They take advantage of some loopholes in the law which allow them to sell financial advice unsolicited. So that's a challenge," she says. "A good financial adviser doesn't ...

Australian super funds 'important' for the UK economy

MATTHEW WAI  |  TUESDAY, 14 OCT 2025
... home to one of the deepest capital markets in the world, and has a flourishing private investment landscape, a common rule of law and familiar regulatory settings," Delahunty said. "Aussie super funds are providers of capital to international economies ...