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Showing 161 - 170 of 253 results for %22Victims%22

CBA reaction too slow, too little, too late

LAURA MILLAN | FRIDAY, 4 JUL 2014

... said: "Clearly the Commonwealth Bank was just too slow to get to this point." Hockey, whose mother-in-law was one of the victims of a CBA rogue financial planner, said that "a lot of the anxiety could have been averted if they had have moved more quickly." ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN | WEDNESDAY, 2 JUL 2014

... advice within Commonwealth Financial Planning (CFPL) and Financial Wisdom, both owned by CBA. Ivantsoff said that the victims have shown him letters from Financial Wisdom saying that "they have lost money for inappropriate advice, but adding that they ...

Budget reply speech 2014 -15: Bill Shorten

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN | FRIDAY, 11 APR 2014

... law firm $35,000 to reconstruct each client file, while it cost CBA $5,000 per file. Maurice Blackburn represented CBA victims in the class action against the bank. Bishop asked: "If the process of remediation and reconstruction of files was in itself ...

Whistleblower claims the existence of 100 CBA rogue advisers

LAURA MILLAN | MONDAY, 24 MAR 2014

... said that what prompted his decision to become a whistleblower was the realisation that non-expert clients who had been victims of Nguyen's wrongdoings would be forced by CFP "to prove their claims on an individual basis. "They [CBA] were working on ...

ASIC takes most action against small business owners

LAURA MILLAN | MONDAY, 3 FEB 2014

... regulator highlighted "notable outcomes" such as the appeal against the $82.5 million settlement between Storm Financial victims and Macquarie Bank. ASIC also secured EUs with a number of high profile companies including NAB, UBS, Wealthsure, BT, and ...

Trio victims condemn Astarra director jail release

LAURA MILLAN | FRIDAY, 24 JAN 2014

The Victims of Financial Fraud (VOFF) have condemned the release of Astarra Asset Management former director Shawn Richard after two years and six months in prison. The organisation that represents the victims of the Trio Capital fraud have described ...

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN | WEDNESDAY, 30 OCT 2013

Law firm Maurice Blackburn has questioned Commonwealth Bank's compensation to clients affected by inappropriate advice within the bank's financial planning unit given by adviser Don Nguyen. In a submission to the Senate inquiry on the performance of ...

Pro bono advice for bushfire victims

LAURA MILLAN | FRIDAY, 25 OCT 2013

The Financial Planning Association (FPA) is asking its members to give pro bono advice to victims of the bushfires in New South Wales. The FPA reminded members of their "wider community responsibility as professional financial planners." In an announcement ...

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN | TUESDAY, 13 AUG 2013

... appeal by the Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator said. Levitt Robinson Solicitors, the firm ...

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Brookfield Oaktree to further democratise alternatives in Australia

ANDREW MCKEAN

Local investors will get access to Brookfield Oaktree Wealth Solutions' global private credit strategy later this year, with plans to launch it as a unit trust.

Retail funds drive down admin fees: KPMG

KARREN VERGARA

Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows.

DWS names APAC chief investment officer, real estate

JAMIE WILLIAMSON

DWS appointed Matthias Naumann as chief investment officer, real estate in Asia Pacific as a sign of its ambitions in the region.

Employees will quit on full return-to-office orders: Survey

KARREN VERGARA

Financial services professionals will threaten to quit if they are forced to go into the office five days a week, a Robert Walters survey finds.

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