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Showing 71 - 80 of 3641 results for "Action"

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... Court for misleading customers over the funds available to them in select credit card accounts. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings with customers," deputy chair ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
Almost nine months on from a cyber breach that saw member data taken, the $14 billion super fund will have to contend with additional licence conditions as it looks to remedy "significant deficiencies" in its cyber controls. As first reported by Financial ...

CSLR chief executive named

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... Berry is currently chief executive at charity Way Forward Debt Solutions, and a non-executive director at the Consumer Action Law Centre. He has also previously held role at Advantedge Financial Services, NAB, and ANZ. "Berry brings extensive experience ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... and the decline in retail trading activity post-pandemic. In a report, the corporate regulator said that it took swift action to disrupt certain high-risk offers, or proposed offers, to retail investors where we were concerned the offers may be unfair ...

E&P chief exits early

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... filed by Shine Lawyers, which was announced by the Company on 14 November 2023," E&P said. E&P settled the Shine-led class action, which related to representatives giving conflicted advice for its in-house product, the Masters Residential Property Fund ...

'Should have known better': AAT tells auditor

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... serious misunderstanding about the auditor's role in the regulatory system applicable to SMSFs." McCabe added that the action communicates a clear message as to the importance of complying with requirements.

Link names retirement, super product lead

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
... best outcomes in retirement for our clients," she said. "Jonathan is a proven change agent and innovator with a bias for action, and we are looking forward to creating market-leading products, making him a great fit within our team."

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... misconduct leading to the erosion of superannuation balances will be focal points for the regulator in its 2024 enforcement action. "This case highlights the importance of a super trustee charging fees correctly and providing accurate, clear and timely ...

AMP selects new chief technology officer

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... week, AMP reached a settlement with AMP Financial Planning advisers in the long-running Buyer of Last Resort (BOLR) class action. The wealth manager will pay $100 million - an amount double what it initially provisioned. "This is an important step forward ...