The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 31 - 40 of 120 results for "Lawsuit"

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON | WEDNESDAY, 15 NOV 2023

The $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

E&P settles class action for $16m

KARREN VERGARA | WEDNESDAY, 15 NOV 2023

... advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial advisers, when they were operating under, Dixon Advisory Superannuation ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS | WEDNESDAY, 8 NOV 2023

... shareholder, the market and societal interests at large, O'Brien said. ACCR is currently in the midst of a greenwashing lawsuit against Santos. FS Sustainability understands this suit would not have been able to be filed if the proposed phase-in ...

Westpac reports $7.2bn profit

KARREN VERGARA | MONDAY, 6 NOV 2023

Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

Escala loses bid to restrain former executives

KARREN VERGARA | FRIDAY, 13 OCT 2023

... on Allen departing Escala, together with investment advisers Gabrielle Coles and Matt Gavshon (who were not part of the lawsuit). Escala sought damages and injunctions imposed on Sealey and Vickers-Willis only, in which if they were granted would see ...

AMP shareholder class action settlement slashed

KARREN VERGARA | MONDAY, 9 OCT 2023

... settlement amount. In an update, Maurice Blackburn is urging AMP shareholders who have not registered to be part of the lawsuit, which reached an in-principle settlement in August, to do so by November 3. The Supreme Court of New South Wales will determine ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS | THURSDAY, 31 AUG 2023

... will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit. The case, filed in 2020 by retail investor Kathleen O'Donnell, was represented pro bono by Equity Generation Lawyers ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA | FRIDAY, 25 AUG 2023

... "amounts may be advanced in respect of Mr Ryan's future legal costs incurred while defending the ASIC proceedings". The lawsuit led by Shine Lawyers against DASS was ordered to a mediation by the court in February 2023. The mediation process is confidential ...

AMP settles class action for $110m

KARREN VERGARA | MONDAY, 21 AUG 2023

AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

AMP provisions $50m in response to class action

ANDREW MCKEAN | THURSDAY, 10 AUG 2023

... provision, reflecting its preliminary assessment of potential liabilities associated with the advice practices central to the lawsuit. While awaiting the Federal Court's conclusive orders on the judgement, AMP chief executive Alexis George declared ...

PAGE:

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.

Videos

Brought to you by

The market has changed. The opportunity hasn't.

A guaranteed future

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Maintaining a fundamental focus in a world obsessed with the short term

Strength amid noise

Follow the leaders

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE