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Showing 981 - 990 of 4503 results for "Case"

Do inflows follow performance?

JAMIE WILLIAMSON  |  FRIDAY, 10 DEC 2021
A recent study found flows to individual funds do directly follow performance, but there's a catch. Rainmaker analysis of actively managed funds data for the 12 months to September this year shows flows follow performance but there is a lag of about ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
Despite a flood of litigation following the Royal Commission, a new report from Herbert Smith Freehills says Joe Longo's ASIC is taking a less aggressive enforcement approach than its contemporaries. Herbert Smith Freehills' Global Financial Services ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... entitled to receive the benefits they signed up for and in many instances paid for," ASIC deputy chair Sarah Court said. "This case is yet another example of a widespread system failure by a major bank impacting thousands of customers." ANZ said it will ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... the insurance products. Others were simply led to believe the insurance they bought was free, or mandatory. Neither was the case." Paull added that in Slater and Gordon's experience: "Westpac would rather litigate and do everything they can to avoid ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... expedite those matters for consideration by the Court at the earliest opportunity," she explained. In the fees for no service case, ASIC alleges Westpac and related entities within the group charged over $10 million in advice fees to more than 11,000 ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... options - both as to the entitlement to withdraw funds and the risk of loss of capital invested," the judge presiding over the case, Justice O'Bryan, said. "Each of the representations was made over periods ranging from about one year to more than ...

Aware Super chief executive named Fund Executive of the Year

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... in particular has helped Aware Super's members become more engaged with their super and goals for retirement and is a case study for the industry to follow." Aware Super manages $155 billion on behalf of 1.1 million members and Stewart has served ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... Property Fund (URF) and related products between 2 September 2015 and 31 May 2019. ASIC ultimately dropped its Federal Court case against Evans & Dixon and instead ordered it to pay a $8.2 million penalty, of which $1 million will go to the regulator's ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... industry do not limit the competitive constraint provided by providers outside of the major four banks, however, in this case the ACCC did not consider there would be a substantial impact in any market," Sims said. NAB first indicated its plans to acquire ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Trading platform Stake - which has a DIY super offering - has called out some of the largest super funds, saying they are failing to roll over members to its SMSF offering in the required three days. Since October 1, APRA regulated super funds have ...