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Showing 201 - 210 of 4153 results for "Action"

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
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 ...

FEATURE: Back in action

ELIZA BAVIN  |  FRIDAY, 12 SEP 2025
As the old saying goes, 'you've got to spend money to make money.' And, as equity markets continue their strong run and global uncertainty calms, geared strategies have been making a comeback. But for those thinking a geared strategy is a good way to ...

AMP, Perpetual, Ironbark shutter funds

ELIZA BAVIN  |  WEDNESDAY, 10 SEP 2025
... the best interests of all investors to terminate the fund." Investors in the fund were told they do not need to take any action and they will receive investment proceeds as cash payments into the bank account AMP has on file, consisting of the final ...

Aware Super launches new features for advisers

MATTHEW WAI  |  TUESDAY, 9 SEP 2025
... feature set, including client dashboard access, investment option switching, management of client contributions, tracking of action requests, withdrawal benefit quotes, non-lapsing binding beneficiary nominations and viewing client Centrelink payment ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... that he "successfully defeated the majority of the accusations levelled at him in the retrial of ASIC's flawed 2020 court action, including 57 out of 90 allegations of misleading or deceptive conduct." Prior to ASIC taking enforcement action, all Mayfair ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... conduct". In releasing its 2025 financial report recently, Crole told Sequoia Financial Group investors that "proactive action" was taken in closing new business in Shield in July 2023 and First Guardian in December 2023. Both Venture Egg and Reilly ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... and terrorism financing risk, including the ongoing AML/CTF risks of doing business with those customers. The Zonia class action began on 9 October 2017, whilst the Baron class action started on 2 July 2018. ASX-listed Omni Bridgeway (formerly IMF Bentham) ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... emerge of how one of its analysts red flagged the product but was allegedly ignored. Releasing a response to ASIC's action announced on Tuesday, EQT said subsidiary Equity Trustees Superannuation (ETS) has carefully considered ASIC's Statement ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
Still reeling from the coordinated cyberattack in April, superannuation funds will test their cybersecurity resilience and see what lessons they have learned under a drill provided by the Gateway Network Governance Body (GNGB). Taking place on Thursday ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
... two of its clients to place 33 suspicious orders from May 2023 to February 2024. This marks ASIC's fifth enforcement action in 15 months relating to alleged manipulation in electricity and wheat futures on the ASX 24 Market. "Manipulation of the ...