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Showing 81 - 90 of 318 results for "Justice"

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... operate in a way that is fair for members and promotes confidence in superannuation." Handing down his decision today, Justice Murphy found that CFS's conduct "involved false or misleading representations made to approximately 13,000 members of the ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... is a big step forward in the legal action which we hope will allow investors of the Woodford Equity Income Fund to get justice and their hard-earned pensions and savings returned to them." Link Fund Solutions acted as the fund's authorised corporate ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... million and cover ASIC's costs. The regulator was pushing for a penalty of $40 million to be imposed but the judge, Justice Davies, determined this was excessive, in part because she did not believe NAB committed some of the contraventions knowingly ...

WTW names local head of investments

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... global firm also announced this week that its merger with Aon has been ditched following pressure from the US Department of Justice.

Three join embattled AMP Capital fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 JUL 2021
... Treasury and Finance. Van Leuven, who is based in New Zealand, was previously the deputy chief executive for the Ministry of Justice and the Department of Corrections in New Zealand and has experience as a board director. In her role with CommIF she ...

Aon, Willis Towers Watson terminate merger

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... was a mutual agreement - though the decision was forced by lack of regulatory approval in the US. The US Department of Justice had been opposed to the merger, and Aon chief executive Greg Case said the company eventually met an impasse with the regulator. ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... As part of its determination, the court ordered BT and Asgard to publish an Adverse Publicity Order on their websites. Justice Wheelahan found that the firms benefited from their automated and offshore processes and systems provided by Genpact Australia. ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... out of superannuation trusts. They also claim the beneficiaries suffered no actionable loss. On June 18, orders made by Justice Beach ordered the applicants to add a third applicant to the case, flesh out the applicants' fiduciary claims, and change ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... executive, responsible manager and sole director Shlomo Yoshai has also been ordered to pay a $400,000 fine. His Honour Justice Middleton found that Forex CT had "systemic compliance deficiencies" and a culture of non-compliance and said that "the vast ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... sought to permanently restrain Mawhinney from operating in financial services for at least a period of 20 years. The judge, Justice Anderson, slammed Mawhinney's conduct as managing director of Mayfair 101. "Mr Mawhinney's conduct can accurately be described ...