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Showing 301 - 310 of 721 results for "Class A"

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

Stand still, get left behind

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
The world of ESG integration into the investment process has moved ahead so rapidly that industry experts agree those who aren't yet on the bandwagon will likely be left behind. In order to keep up with the times, many firms have introduced proprietary ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
Westpac confirmed it has been hit with another class action relating to the AUSTRAC scandal. The class action, brought by Johnson Winter & Slattery, has been filed on behalf of certain shareholders who acquired interest in Westpac securities or equity ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
MLC is lowering the fees for its MasterKey Fundamentals product for accounts above $150,000, and introducing a new core menu. From April 1, MasterKey Fundamentals will lower its fees for 58,000 clients and members. This is the new product which MLC ...

IOOF restructures leadership team

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
An internal restructure in IOOF's leadership team is complete, with three general managers promoted to the firm's c-suite. IOOF general manager of distribution Mark Oliver has been promoted to chief distribution officer, while the firm's general manager ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
Shine Lawyers today commenced a new class action against IOOF on behalf of shareholders. Shine Lawyers conducted an investigation into misconduct at IOOF which included obtaining a Federal Court order for IOOF to produce documents relevant to the alleged ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
Westpac said it expects $80 million in additional expenses in FY20 as parts of its response plan in relation to the AUSTRAC scandal. The bank provided a company update to the ASX, in which it outlined its progress on its response plan for the AUSTRAC ...

What SMSFs will look like in 2030

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
A panel discussion at the SMSF Association Conference has sought to predict what the SMSF industry will look like in 10 years' time, with the issue of retirement front and centre. Rice Warner executive director Michael Rice, Challenger chair of retirement ...

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
AMP chief executive Francesco De Ferrari has said he is not aware of any impending legal action in relation to the group's financial advice business. Speaking to media after the release of the group's financial results, De Ferrari said that while he ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
National Australia Bank in its quarterly update flagged another delay to the separation of MLC Wealth. NAB said that due to a challenging business environment, the separation of MLC Wealth may be delayed beyond financial year 2020. "Work on operational ...