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Showing 61 - 70 of 296 results for "Class action"

AMP challenges BOLR court ruling

KARREN VERGARA | WEDNESDAY, 27 SEP 2023

AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS | THURSDAY, 31 AUG 2023

... Australia 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 ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN | WEDNESDAY, 23 AUG 2023

... balance sheet ahead of our demerger and continue supporting our businesses." Earlier this week, AMP also settled a class action for $110 million relating to fee for no service scandals and misleading regulators. The class action filed in June 2018, impacted ...

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

Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

CFS settles super fees class action

JAMIE WILLIAMSON | FRIDAY, 14 JUL 2023

Colonial First State will pay $100 million to settle a class action over fees that were illegally charged to members to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 ...

AMP loses BOLR changes class action

KARREN VERGARA | WEDNESDAY, 5 JUL 2023

... longstanding adviser contracts with a view to saving shareholders' money. In July 2020, the advisers filed the class action against AMPFP. At the time of filing, The Advisers Association (TAA) chief executive Neil Macdonald said its AMPFP members ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN | TUESDAY, 23 MAY 2023

... market determinations in relation to CFDs. Meanwhile, as previously reported by Financial Standard, IG Markets faces a class action launched by Piper Alderman and Omni Bridgeway. The lawsuit represents investors who allegedly lost hundreds of millions ...

Class action commenced against IG Markets

JAMIE WILLIAMSON | THURSDAY, 11 MAY 2023

Piper Alderman and Omni Bridgeway have filed their class action against IG Markets, representing investors that lost hundreds of millions trading contracts for difference (CFDs). In October 2022, the two firms said they were planning an action against ...

E&P Investments hunts new RE

JAMIE WILLIAMSON | THURSDAY, 16 MAR 2023

... Financial Group noted that preparations are underway for court-ordered mediation between E&P and Shine Lawyers in the class action brought against it and former executives Alan Dixon and Chris Brown. The mediation was to occur no later than March 24 ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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