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Showing 161 - 170 of 433 results for %22class action%22

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... unless your motive is to stymie class actions. No wonder ASIC was so thoroughly baffled by the Treasurer's idea." "A class action is a method through which ordinary Australians can seek justice when they've been hurt by a corporation. To suggest class ...

ETP market winners revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
... highest net flows to ETPs occurred in the December quarter of 2019 which saw $4.8 billion in inflows. Equities as an asset class within ETPs though, had the highest net flows on record at $2.1 billion. International equities remain the largest ETP asset ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... with promptly and as efficiently as possible," King said. As a result of the AUSTRAC scandal, Westpac is facing a number of class actions, as well as inquiries by the corporate watchdog. In June 2020, the bank announced 38 staff members have faced punishment ...

J.P. Morgan launches ESG integration policy

RACHEL ALEMBAKIS  |  TUESDAY, 14 JUL 2020
... ESG regulations are in the consultation phase or have passed in some jurisdictions, including the European Union's action plan on sustainable finance," the paper said. "J.P. Morgan Asset Management is working internally, as well as engaging with ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned on the ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... on cash earning was estimated at $70 million. Westpac and Westpac Life Insurance Services are currently facing a class action from policy holders arguing that the recommendations made by Westpac aligned financial advisers breached fiduciary and statutory ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... actions AMP was currently facing. After answering that AMP is facing two actions, De Ferrari offered his view of the class action system in Australia. He cited a report from the Menzies Research Centre, which claimed Australia is one of the most desirable ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... retirement outcomes. "The early release super scheme has provided vital short-term assistance for our members but if urgent action is not taken these young women risk facing a greater vulnerability to poverty as they age," Blakey said. "We already know ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... Investment Commissions has asked 13 managed funds to fix their advertising, and is threatening the wider sector with enforcement action for misleading claims. ASIC says it forced seven responsible entities and 13 funds with a total of $2.5 billion in ...