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Showing 31 - 40 of 142 results for "Legal action"

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged by ASIC. ASIC launched legal action against the bank back in August this year alleging it broke credit laws in relation to 297 loans written after referrals ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... firm selected by AMPFPA on behalf of its members, Corrs, has written to advisers who have expressed interest in the legal action. In the letter, Corrs provided a timeline, including meetings in each state next month. The law firm is confident it will ...

IOOF to cut bonuses, pays Kelaher millions

ELIZABETH MCARTHUR  |  TUESDAY, 29 OCT 2019
... full salary, including superannuation. Kelaher was on a leave of absence from 1 July 2018 while IOOF defended the legal action brought against it by APRA until his resignation in July 2019. His invested long term incentive (LTI) performance rights lapsed ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...

AMPFPA selects law firm

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
... Last Resort policy. The AMPFPA has selected Corrs Chambers Westgarth to act on behalf of members in investigating legal action against AMP Financial Planning. This includes exploring the potential for a class action. Having met with several law firms ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... Act. The Federal Court also awarded costs in IOOF's favour. Australian Executor Trustees was also subject to the legal action, but was not mentioned in IOOF's ASX statement regarding today's decision. APRA commenced the action in December 2018, seeking ...

AMP advisers prepare for battle

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2019
More than 90% of the AMPFPA's members have confirmed they will support legal action against the group, with the association saying AMP is simply offloading practices it can no longer profit from. The AMP Financial Planning Association has prepared ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
... community expectation that responsible entities will fully comply with best interest duty and ASIC is prepared to take legal action wherever necessary to enforce that.

Pension giant cuts tobacco

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
... eight million members, in light of stricter worldwide regulation against tobacco products, increasingly aggressive legal action by governments against the tobacco industry and falling global smoking rates. Nest already has a tobacco-free policy in its ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... product offering and restructuring the workforce. The spokesperson commented the sale to IOOF may take some time due to legal action. Morningstar research previously found the acquisition is not in the best interest of members. The restructuring of the ...