Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 72 results for "Maurice Blackburn"

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... and/or higher fees in an effort to maintain revenue. Elkins is named in a class action on the matter filed by Maurice Blackburn Lawyers, which alleges CFS' implementation of the MySuper reforms was slow and the fund breached its duties to members. ...

Life insurers are doing their best: FSC

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
... code's compliance came about after the LCCC received more than 700 alleged breaches of the code from law firm Maurice Blackburn. "The report is silent on the positive changes made by the life insurance sector," the FSC said in a statement. It noted that ...

MLC changes super fees, adds menu

KANIKA SOOD  |  WEDNESDAY, 11 MAR 2020
... million in illegitimate fees. The MLC MasterKey Business Super and Personal Super are facing a class action from Maurice Blackburn on behalf of 330,000 customers. The class action alleges MasterKey Business Super and Personal Super default members were ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
Law firm Maurice Blackburn has called out the life insurance industry, saying insurers breached their Code of Practice hundreds of times in just six months. The Life Code Compliance Committee (LCCC) conducted an investigation and found many insurers ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... five of its seven existing funds and one of its trustees. AMP is currently defending a class action brought by Maurice Blackburn that alleges two million superannuation accounts were impacted by trustee failures.

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
Maurice Blackburn Lawyers today filed a class action on behalf of more than 330,000 National Australia Bank superannuation customers. The action relates to MasterKey Business Super and Personal Super account holders and accuses NAB of breaching its ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... giving them information early," she said. Class actions The business is currently facing two class actions. Maurice Blackburn Lawyers is alleging delayed transitioning some members to low-cost, better-performing MySuper products. Slater Gordon is alleging ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... in the Federal Court and are reviewing the claim. On Thursday last week, CFS was hit with a class action from Maurice Blackburn Lawyers in relation to alleged breaches of super trustee duties. That class action also makes mention of the FirstChoice Super ...

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 ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... claim are unspecified. BTFM and WLIS will be defending the claims." Westpac is also facing a class action from Maurice Blackburn over allegations it breached responsible lending obligations. The case alleges BT short-changed its members in the BT Super ...