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Showing 841 - 850 of 3708 results for "Order"

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... "It is tolerably clear that the defendants' marketing strategy was addressed to persons searching for a term deposit in order to divert them to the defendants' websites." ASIC is seeking pecuniary penalties, injunctions, and corrective advertising. A ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
ANZ and Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
The glamorous financial adviser wife of an ex-NRL player has been ordered to pay ASIC's legal costs and comply with its enforceable undertaking. Jenan Thorne - wife of former Canterbury Bulldogs player Robin Thorne - was prevented from providing financial ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... they think it's possible to settle the matter, then I don't think they need the intervention of the court by court order to discuss any potential resolution, albeit, for the reasons identified this morning in submissions, it being an unlikely ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... redress through AFCA, again, for free." AFCA said it is not necessary for individuals to be represented by third parties in order to access remediation. "Our service is free for complainants to use and is independent and impartial. It is not usually ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study. The matter relates to a TAL income protection customer, who in January 2014 made a claim on her policy after being ...

Allianz to rectify past deficiencies

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... management frameworks. We do not expect, nor would we tolerate, a repeat of Allianz's past shortcomings." As part of the order Allianz will assign a Responsible Person(s) to be accountable for the successful completion of the transformation programs. ...

No more easy 6% returns: Fidelity

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... assumptions for emerging markets equities in our long-term capital market assumptions but obviously you take a lot of risk in order to harvest those returns." "While the risk-free rate remains as low as it is it's very, very difficult to generate the ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... in 2017, when the fund flow became negative, Link would have known that even greater levels of liquidity were needed in order to meet these demands for redemptions," Leigh Day said. Since the fund was suspended and wound down, Leigh Day head of product ...

MLC Life appoints retail general manager

KANIKA SOOD  |  MONDAY, 8 MAR 2021
... admiration for this iconic Australian life insurer, which is soon poised to leverage its significant investment in technology in order to excel in servicing licensees and advisers. I'm looking forward to leading the distribution and adviser servicing ...