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| | | ... The claim's value and potential associated costs also remain uncertain, but it's actively defending the allegations. As the case is before the Court, both AMP and Munich Re declined to comment. In 2016, as part of its strategy to bolster its underperforming ... |
| | | | ... Valvo failed to meet the annual CPD requirements of 40 hours. ASIC's investigation is ongoing and the next hearing in the case is set for September 29. The regulator is asking that anyone who had super invested with Valvo or his business and who ... |
| | | | ... Maurice Blackburn referred to its class action under the plaintiff name of "Komlotex", while Slater and Gordon referred to its case as "Fernbrook". Commenting on the settlement, Maurice Blackburn said: "The trial was due to commence today but it has ... |
| | | | ... remains well provisioned," Westpac said. Credit impairment provisions stood at $5.1 billion as at June 30, surpassing the base case economic scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase to 1.16% of total exposures ... |
| | | | Having had its initial conflicted remuneration case against Commonwealth Bank and Colonial First State dismissed in September 2022, ASIC's appeal of that decision has also now been dismissed. The case was first brought by ASIC in June 2020 and related ... |
| | | | ... next time', and likely implies that the impact for the client was very low or non-existent," Miller said. In the third case, Mr. X provided "layered advice" to three clients regarding insurance advice, failing to adequately consider each client's ... |
| | | | ... while the inflation did rise, it reflects "the vagaries of base effects largely associated with energy prices and was in any case slightly better than markets had anticipated". More important is that measures of the "inflation pulse are indicative that ... |
| | | | ASIC is suing a debt management firm and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court ... |
| | | | An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ... |
| | | | ... infamously described by one Federal Court judge as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more than gambling. We know that most people who invest in these products lose their money and ... |
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