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Showing 1881 - 1890 of 16290 results for "Product"

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Superannuation funds will be focused on ongoing merger activity and strengthening retirement strategies and product solutions in the next few years, according to Deloitte's Dynamics of the Australian Superannuation System report. The report forecasted ...

Former Schroders chief joins private markets firm

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
A former Schroders Australia chief executive has landed at Spire Capital. Spire Capital - which has invested $2.25 billion on behalf of Australian mid-market investors - said the appointment of Sam Hallinan as a partner and shareholder comes at a time ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Hermes is facing an antitrust class action which alleges it only allows customers with "sufficient purchase history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
Industry funds will soon be home to more than 50% of all superannuation assets, as per Deloitte's Dynamics of the Australian Superannuation System report. Retail funds are anticipated to grow in the future, thanks to their existing scale, a wealthier ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... products or services. "I want to emphasise, though, that the question as to whether a particular crypto asset or related product is a financial product will remain every bit as important if the new regime is legislated as proposed," Kirkland said. "In ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... emerging area of risk. At present, the position of most digital asset platforms is that cryptocurrency is a not a financial product and that issuers do not provide a financial service," the law firm said. "However, with a proposed regulatory framework ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
In its March meeting, the Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35%, as predicted by nearly all economists. HSBC chief economist Paul Bloxham stated that the decision was in line with expectations and that there are risks ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... Ltd, Rose recommended six self-managed superannuation fund (SMSF) clients to invest their superannuation in a financial product. ASIC found that Rose engaged in conduct that was dishonest, determining Rose knew funds had been deposited for the purpose ...

AustralianSuper's move to boost productivity by up to 30%

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
AustralianSuper announced it would be one of 600 companies globally to participate in the Copilot for Microsoft 365 Early Access Program (EAP). AustralianSuper's chief technology officer Mike Backeberg said the move to introduce artificial intelligence ...