Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 291 - 300 of 2418 results for "Claims"

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
... their scrutiny of financial institutions and their ESG bona-fides they must also ensure they don't make exaggerated claims regarding their sustainability practices." Rainmaker also considered funds' net zero commitments, gender diversity among ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Local fintech Bobbob has paid $53,280 to resolve infringement notices issued in response to misleading claims it made about a crypto-asset linked investment product. Over an eight-month period, a product known as the Savings Product was offered, attracting ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... operations will pay the US Securities and Exchange Commission US$25 million to settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. In the case of greenwashing, the ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... to Australian customers. Since the introduction of the design and distribution obligations (DDO) in October 2021, ASIC claims over 1160 Australian customers have suffered financial losses totalling around $12.95 million while using Bit Trade's margin ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... Super said: "Spirit Super directly incurs administrative costs to maintain the insurance on your account and to handle claims. To help cover this, an insurance administration fee will be included as part of the insurance fee deducted from your account ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... despite it being legislated in 2013 that funds must undertake intra-fund consolidation at least once a year. ASIC also claims AustralianSuper was aware of the multiple accounts as far back as February 2018 - at which time there was at least 43,605 members ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... June 2018. The group is adamant that there will be no changes for existing policyholders, adding that its commitment to claims is unchanged. It said all other Integrity partnerships remain open to new business "at this time." "Protection of policyholders ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... upfront. The announcement comes amidst Sequoia reporting a difficult 2023 financial year thanks to financial advice-related claims dating back several years, the equities markets downturn, and prevailing uncertainty about the economy, chief executive ...

Madison acquisitions strengthen top line

KARREN VERGARA  |  THURSDAY, 31 AUG 2023
... escrow account created as part of the acquisition of Madison Entities with SC Australian Holdings 1 Pty Limited and security claims against the adviser," said Madison in anticipating the liability. The group's funds under management and advice reached ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... its entire stake in Resolution Life for $524 million. The transaction included several post-completion settlements and claims that led to a net payment from Resolution Life to AMP amounting to $141 million. The sale increased AMP's available capital ...