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Showing 161 - 170 of 1892 results for "Determine"

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... Trust," the spokesperson said. Should the in-principle settlement be approved, the spokesperson added that the court will determine the process for distributing the settlement amount to eligible members. Shine Lawyers joint head of class actions Craig ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
Count Financial has successfully defended itself against a class action which was filed in 2020 alleging it failed to ensure financial advisers were acting in their clients' best interests. The case has been before the court for just shy of five years ...

Franklin Templeton, Pendal funds shutter

KARREN VERGARA  |  MONDAY, 26 MAY 2025
Franklin Templeton has shuttered two of its funds this month, while Pendal will terminate one of its funds in August. Responsible entity Franklin Templeton Australia Limited (FTAL) has closed both the ClearBridge RARE Emerging Markets Fund and Martin ...

Centrepoint Alliance locks in hundreds of Brighter Super advice clients

ANDREW MCKEAN  |  FRIDAY, 23 MAY 2025
... Brighter Super has until June 11 to complete its audit and provide final client counts and associated figures, which will determine the final settlement amount, which is calculated based on a multiple of 1.25 times revenue transitioned, on June 13. It ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
ASIC intends to appeal the Full Federal Court's decision, now seeking special leave from the High Court in its case against Block Earner. The Federal Court decision found that a product issued by Block Earner, which allowed consumers to earn fixed ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
A former financial adviser now residing in New Zealand lost a bid to stop her from being extradited to Australia to face 136 charges related to the alleged theft of clients' retirement savings. Marion Joan Pearson, formerly based in Perth, is accused ...

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
Prime Super will remove the SRI Balanced option from its investments lineup, saying its performance failed to meet expectations. The $8 billion industry superannuation fund will close the option on June 4, it confirmed. "After a period of observation ...

Vision Super defends new but 'archaic' policy

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
Vision Super has defended a policy not to share member information to anyone it believes are located offshore, however the way in which the fund allegedly determines the location of an individual has caused a stir. Lifestyle Solutions Financial Planning's ...

Magellan sees $1bn monthly outflows

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
Magellan Financial Group was hit by $1 billion in net outflows in April, comprising $100 million in net retail outflows and $900 million in net institutional outflows. However, total assets under management (AUM) increased from $37.5 billion in March ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...