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Showing 151 - 160 of 618 results for %22High Court%22

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... overturn the UK Supreme Court decision against it in relation to policy wording issues, losing its appeal bid in the High Court. The test case was launched by the UK Financial Conduct Authority (FCA) to resolve legal issues concerning the interpretation ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
... administrators were appointed as liquidators. According to KPMG, a joint hearing of the Federal Court of Australia and the High Court of New Zealand in respect to the distribution of client funds wrapped up on December 9, with the judgement yet to be ...

ASIC takes fintech to court

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... property in self-managed superannuation funds. Squirrel Superannuation Services, an SMSF platform provider, faced the Federal Court on 23 December 2020 for allegedly marketing misleading information between January 2015 and July 2018. In the brochure ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... model and paid financial advisers." Slater and Gordon allege that the trustee should have stopped paying commissions and high fees for all its members, as it did for new members, rather than disadvantaging those who joined before mid-2013. "In both cases ...

Woman allegedly left out of will because she was born by artificial insemination

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... husband could be considered a parent even though there is no genetic link between the father and child," he said. A High Court ruling in 2006 clarified that a sperm donor could not be considered a sperm donor with no parental rights if they are an invested ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... change seriously and doing enough to measure the impact of climate change on investments. The fund and McVeigh settled out of court, with McVeigh basically getting everything he wanted. Industry funds team up in longevity search Financial Standard revealed ...

360 Capital raises bid for Evans Dixon

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
... troubles with its American real estate fund. Its troubles did not stop. On September 4, ASIC announced it had initiated Federal Court proceedings against an Evans Dixon subsidiary over advice it provided, pushing down shares over 12% by noon. The firm ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... They went on to say that the plan allowed unreasonable expenses to be charged; selected, retained, and/or otherwise ratified high cost and poorly-performing investments, instead of offering more prudent alternatives. As at December 2019, the plan had ...

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
... Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft accounts substantially higher than what ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... determination and specifically the grounds on which it could seek special leave to appeal against the decision to the High Court of Australia," the council said. QBE responded to the ruling in a release to the ASX. It estimated the next cost of any business ...