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Showing 21 - 30 of 2399 results for "protection"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed new members up for income protection cover by default. A couple of days earlier a class action was filed against IC Markets for consumer harm caused by offering ...

AustralianSuper engages TAL to create retirement option

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... their working years, and now we are delighted to have the opportunity to deliver a whole-of-life solution and provide protection to these members in their retirement, so they can enjoy these years with confidence and dignity," Oliver said. "We look forward ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... have proposed expanding the test to all APRA-regulated superannuation products, arguing for equal transparency and protection against underperformance. Extending the test could enhance the system's integrity by preventing trustees from restructuring ...

Baby boomers turn to local private debt: Research

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... stated that local private debt is the perfect retirement-age asset class due to its excellent track record in downside protection. The asset class is also said to pay monthly or quarterly income and greatly mitigate sequencing risk for lower-balance ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
Superannuation funds will have a leg up over life insurers and banks once the federal government implements its proposal to expand financial advice. This is according to industry experts who say that super funds are in good stead to bolster the availability ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... in prison. Now, ASIC has made two orders permanently banning him; under the Corporations Act and National Consumer Protection Act, ASIC can permanently ban someone who is convicted of fraud. He can now never provide financial services; perform any function ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Research commissioned by the Financial Services Council (FSC) reveals that within the next decade, nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research ...