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Showing 71 - 80 of 430 results for %22class action%22

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... and to prove it can provide objective evidence of third-party data tax controls. "Large funds should already be taking action based on the earlier STAR recommendations from the ATO, particularly in respect of matters for which they received a red flag ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... companies, UGC Global Alpha Limited and UGC Global Alpha Fund Limited. RES is prohibited from issuing interests in PPM Units - a class of interests in RES Investment Fund - as well as providing a product disclosure statement about PPM Units or providing ...

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
Suncorp is set to pay $33 million to settle a class action brought by superannuation members in 2019 over conflicted remuneration paid to financial advisers. The class action was brought by William Roberts Lawyers in June 2019 on behalf of Suncorp Super ...

MSCI launches emissions measuring tool

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
... across their investment portfolios. "These institutions (such as banks, insurers and asset managers) may need to take urgent action to accelerate progress on their climate journey. Total Portfolio Footprinting can help them to broadly assess the carbon ...

AIST names Rising Star

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
A TelstraSuper investment analyst has taken home the Australian Institute of Superannuation Trustees' Investment Rising Star Award. Caroline Stuart was honoured on day two of the ASI Conference, with AIST chief executive Eva Scheerlinck describing ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... separately to funds indicated that no existential threat to trustees' financial resilience existed. However, whereas once class actions were rare under prior legislation as fund assets were preserved, now a pool of available capital in the trustee risks ...

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... Elon Musk over the latter's planned takeover of the social media platform. The Orlando Police Pension Fund filed a class action in the Delaware chancery court on Friday, alleging that Delaware law forbade a quick merger as Musk had discussed the move ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
Colonial First State has settled a class action brought on behalf of approximately 100,000 super fund members who were allegedly rorted on fees. The class action alleged that CFS deliberately delayed transferring super fund members to the cheaper MySuper ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
Law firm Dovel & Luner filed a class action lawsuit against Vanguard trustees and on behalf of investors in Vanguard's Target Retirement Funds, based in the US. The suit alleges that Vanguard's mismanagement of these funds led to "enormous tax bills ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
By nature, humans love to customise things. From personalised recommendations on Netflix and Stan, to suggested playlists on Spotify or iTunes, everyone craves to have things that serve them by knowing them. An interaction with a device, person, or ...