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Showing 81 - 90 of 142 results for "Legal action"

AustralianSuper threatens to sue the Future Fund

STAFF REPORTER  |  THURSDAY, 28 FEB 2013
... it had obtained a letter, sent on Monday on AustralianSuper's behalf by law firm Arnold Bloch Leibler, threatening legal action against both the Future Fund and Hastings Funds Management Limited (HFML). AustralianSuper alleges that the Future Fund acted ...

Pension funds reckless on climate risk: Hewson

BEN COLLINS  |  WEDNESDAY, 12 DEC 2012
... firm Baker & McKenzie which said this gap between understanding and action could leave pension fund trustees open to legal action over investment losses caused by climate change. The $6.5 billion Local Government Super fund topped the list and scored ...

Litigation risk to force advisers into multi-asset options: Russell

MARK SMITH  |  FRIDAY, 9 NOV 2012
... be able to justify exactly why they have matched a client up with a particular manager." The threat of potential legal action, especially from better resourced and potentially more litigious SMSF investors is, according to Fletcher, another real concern ...

ASIC supports updates to disclosure rules

MARK SMITH  |  THURSDAY, 18 OCT 2012
... disclosure rules and guidance, which had been the centre of much confusion in recent months. The update follows failed legal action against Fortescue Metals for apparent breaches of those guidelines. ASIC deputy chairman Belinda Gibson has urged the ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
... Resolution Scheme. Subject to the Court dismissing ASIC's claim against CBA, this agreement will bring to a close the legal action against CBA in ASIC's unregistered managed investment scheme proceedings which were brought in the Federal Court of Australia ...

Wilson staff shared information while sign on bonus was discussed

BEN COLLINS  |  WEDNESDAY, 29 AUG 2012
Lawyers representing Wilson HTM in legal action against fellow broker Ord Minnett have said that a former senior Wilson employee provided Ord Minnett with commission statements and contact details of advisers, at the same time he was negotiating a sign ...

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
Superannuation reforms could leave individual trustees open to litigation, causing a group of representative bodies to write to the Federal Government to voice their concerns. In a joint submission, the Australian Institute of Superannuation Trustees ...

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
The changing role of Government in recommending default super funds in modern awards could lead to worker legal action against the Commonwealth. The Law Council of Australia issued the warning at public hearings held by the Productivity Commission (PC) ...

Privacy Commissioner opens investigation into First State Super

ELISE BURGESS  |  THURSDAY, 20 OCT 2011
... rectified immediately and a comprehensive IT security review is now underway." The fund also confirmed again that no legal action will be taken. "Subject to his compliance and cooperation in ensuring that the unauthorised statements he downloaded have ...

Legal threats loom over poor SMSF advice

ELISE BURGESS  |  FRIDAY, 23 SEP 2011
... and CGT-related rules on SMSFs. "It is difficult to see how an adviser isn't leaving themselves open for potential legal action should a problem arise with the terms of trust they have recommended to their clients," said Batten. "I am of the view that ...