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Showing 231 - 240 of 1919 results for "Disclosure"

Insignia Financial class action dismissed by court

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... the Royal Commission was dismissed, with the judge saying there was no evidence provided to prove the group breached disclosure requirements. The class action was commenced in February 2020 by Shine Lawyers, claiming shareholders had suffered material ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... owned by ANZ, rejected an income protection claim from a nurse who injured her shoulder while working, citing the non-disclosure of her prior unrelated hospitalisations for serious mental health issues as fraudulent. ASIC alleged Zurich, the legal successor ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Advice Association of Australia (FAAA) expressed concerns about Treasury's proposal to abolish fee consent forms and Fee Disclosure Statements (FDS) in its response to the first round of reforms. Currently, advisers must produce an annual Fee Disclosure ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... were no plans to take the fund public. 7) Munich Re targets AMP over alleged reinsurance misconduct (August 23) In a disclosure nestled within AMP's half-year results, it was revealed that AMP Limited and subsidiaries, including AMP Services, NM ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... the Council of Australian Life Insurers (CALI) to determine what steps can be taken at an industry level to improve disclosure, including accurate premium labels, and to manage consumer expectations around premium increases. CALI informed them that the ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... option are now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) to reflect the fees and costs incurred last financial year for members in Hostplus Super, Personal Super ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
The Federal Court has slapped ANZ with a $900,000 fine for breaching its continuous disclosure laws about eight years ago. In October, the court found the banking giant had contravened continuous disclosure laws by failing to tell the market its underwriters ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
A financial adviser who failed to act in her clients' best interests by recommending they invest in the Investport scheme she was receiving loans from has seen her two-year ban affirmed by an appeals tribunal. Pamela Anderson was a financial adviser ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... (and the preceding Rule 4A.3.2 of the Competition Rules) and should have been disclosed to clients. By not making the disclosure, Instinet was not being transparent about the use of indications of interest with its clients," the MDP said. The MDP also ...

Gender pay gap a crucial diversity metric: FSI

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2023
... published an explainer on gender pay gap and gender diversity reporting as their first Principal Adverse Impacts (PAI) disclosure report under the Sustainable Finance Disclosure Regulation (SFDR). Under SFDR, financial market participants such as asset ...