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| | | AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ... |
| | | | ... Sandy Kaul, head of innovation at Franklin Templeton. US President Donald Trump recently signed the first major cryptocurrency law to build regulations around stablecoins, which is deemed to push the mainstream adoption of the asset class. As investors ... |
| | | | ... subject to interim restraint orders since 13 August 2020. In July, the Federal Court found that Mawhinney contravened the law in relation to the marketing of three products - the M+ Fixed Income Notes, M Core Fixed Income Notes and Australian Property ... |
| | | | ... directly tackle the gender super gap, one of the most systemic structural failures of the superannuation system," she said. The law already allows for super balances to be split, typically under family law provisions as part of divorce proceedings. However ... |
| | | | Commonwealth Bank (CBA) has defeated the appeals from the Zonia and Baron shareholder class actions in the Federal Court. The Full Court concluded that the appellants did not prove any loss, and there was no award of damages. The two class actions related ... |
| | | | Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ... |
| | | | ... already undertaken to streamline services and cut regulatory red tape. In addition, Longo said there was an opportunity for law reforms which several stakeholders have suggested to ASIC. "The most promising areas for specific law reform are in relation ... |
| | | | Global cryptocurrency exchange Binance appoints a new head of APAC after Vishal Sacheendran left the business in July. SB Seker, who previously worked as senior VP at Crypto.com, will lead the group's Asia Pacific operations, bringing with him a ... |
| | | | ... lodgement services in the future. In addition to streamlining the website and communications, the report also highlighted areas of law reform which stakeholders had suggested could be simplified. ASIC said it is actively contributing to law reform discussions ... |
| | | | ... system saying the line between work and retirement is not as clear cut as it used to be. "I am calling for changes to the law so Australians can easily move back and forth between work and retirement - between saving their money and spending it," he ... |
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