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Showing 11 - 20 of 2182 results for "Claims"

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment, Mawhinney was arrested yesterday and ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... liquidators of IPO Wealth Holdings were made public. In July 2022, the liquidators reached a settlement to abandon all claims against Mawhinney and his companies. Under the agreement, Mayfair 101 was handed back control of more than 80% of the assets ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... super funds' IDR processes and instead make a beeline for AFCA, senior manager of superannuation Rhys Lloyd said. For claims delay cases that leapfrog to AFCA, Lloyd finds 96% are resolved without needing a recommendation or determination. "If AFCA ...

AustralianSuper hires data strategy lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
... joins the asset owner as a member resolution manager. Fraser joins from Insignia Financial where she worked as a trustee claims specialist and for MLC Australia before that. She earlier worked in insurance at KPMG and OneView and as a senior claims officer ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... $4.8 million to cover the period from April 2 to 30 June 2024. This will be funded by the government. The CSLR will pay 11 claims for this period, one of which is for a Dixon Advisory victim. The second levy estimate, however, totals $24.1 million and ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated are pushing customers to buy other items to access the coveted "icon of fashion" - an illegal tying arrangement. ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed in 2023 were the second highest of all time. As for where the risks lie in 2024, Allens said cyber claims will likely increase as coming reforms will make them easier to pursue. "A key theme of these claims is cyberwashing - each ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... intermediation, and $900,000 for securities dealing. The government will pay for the first levy period which covers compensation claims and costs from April 2, when the CSLR takes effect, to June 30. In the second round, advisers will foot the bill of ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... James Mawhinney, and the liquidators appointed to IPO Wealth reached a settlement in which the liquidators abandoned all claims against Mawhinney and his companies. It was approved by the Supreme Court of Victoria in November of that year, but its terms ...