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Showing 21 - 30 of 96 results for "class actions"

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI | MONDAY, 14 NOV 2022

... we have been able to resolve these group proceedings and that eligible customers will benefit," Slater and Gordon class actions senior associate Alex Blennerhassett said. "Class actions are one way people can take on big corporations, including Australia's ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON | WEDNESDAY, 14 SEP 2022

... withdraw their money when this was discovered. Link made the decision to wind up the fund in October of that year. Class actions ensued and Link Fund Solutions is a defendant in several. The FCA said its current view is that Link Fund Solutions may be ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI | WEDNESDAY, 10 AUG 2022

... which is accounted for as an investment in a joint venture." The group is currently defending itself against several class actions filed against it in Federal Court. Three are in relation to superannuation products while another superannuation class ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN | WEDNESDAY, 11 MAY 2022

... separately to funds indicated that no existential threat to trustees' financial resilience existed. However, whereas once class actions were rare under prior legislation as fund assets were preserved, now a pool of available capital in the trustee risks ...

E&P pulls the plug on DASS

KARREN VERGARA | WEDNESDAY, 19 JAN 2022

Amid a slew of class actions and regulatory problems, the troubled superannuation subsidiary of E&P Financial Group is now in voluntary administration. PwC has been called in as voluntary administrators of Dixon Advisory and Superannuation Services ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON | THURSDAY, 25 NOV 2021

... employees and their spouses, teachers and health industry workers like doctors and psychiatrists," Shine Lawyers class actions practice leader Joshua Aylward said. "It's incredibly disappointing that essential workers serving our community at all ...

Class action legislation open for consultation

ANNABELLE DICKSON | FRIDAY, 1 OCT 2021

... Services began looking into the regulation of the industry it received backlash, particularly after Frydenberg defined class actions as managed investment schemes.

Profit boost for CBA, ups remediation bill

KARREN VERGARA | WEDNESDAY, 11 AUG 2021

... $249 million relates to banking, wealth and other employee-related remediation. The bank is juggling a number or class actions. It is defending itself against four superannuation class actions that involves Colonial First State Investments (CFSI). The ...

Government passes continuous disclosure changes

KANIKA SOOD | TUESDAY, 10 AUG 2021

... executive and managing director Angus Armour said the changes to disclosure obligations will help companies against class actions and insurance costs. "This reform provides greater certainty for companies to make disclosures to the market, without the ...

Class action consultation opens

ANNABELLE DICKSON | TUESDAY, 1 JUN 2021

... Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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