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18 October 2024 • By James Mitchell • 1 min read

Class action lawsuit launched against bank-owned funds

Slater & Gordon has announced today the launch of what could potentially be Australia’s largest class action lawsuit.

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Class action lawyers circle IOOF, costs could exceed $150m

A national law firm is considering a class action against embattled wealth giant IOOF.

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ClearView failed to reprimand rogue sales head

The life insurer has admitted it took no disciplinary action against the head of its direct sales division after he told senior management that he was ...

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Compliance casts ‘shadow’ over Aussie M&A

Australia has driven down corporate deal making activity in the Asia-Pacific region over 2018 amid growing concerns over compliance and ambiguity over ...

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Corporates to step up amid ‘mental health crisis’

A new report is urging corporate Australia to take the lead on addressing the nation’s mental health crisis, ahead of World Mental Health Day on 10 ...

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Credit Suisse names new Australia CEO

Swiss investment banking heavyweight Credit Suisse has announced on Friday the appointment of its new CEO of Australia.

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Ex-CBA, NAB banker named CEO of wealth manager

An Australian investment management business has today announced the appointment of its new chief executive officer.

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Ex-Trio director warns of ‘creeping corruption’ in financial sector

The former director of collapsed wealth group Trio Capital has warned that systemic failures in the financial services industry will continue in ...

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Federal budget: What you need to know

We’ve unpacked the 2019-20 federal budget and identified exactly what it means for Australian wealth management professionals and their clients.

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Forex company director banned in ASIC sting

ASIC has cancelled the AFSL of retail OTC derivative issuer Berndale Capital Securities and banned its former director.

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Former NAB adviser jailed for three years

A former NAB adviser has been sentenced to three years imprisonment after he was charged by the District Court of NSW earlier this year for numerous ...

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Freedom flogged life insurance to mentally disabled Aussies

The royal commission has heard how the insurance provider sold cover over the phone to a number of vulnerable people including a disabled man with ...

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Fund managers enter 2020 with mixed feelings

Results from the Natixis Strategist 2020 Outlook reveal that despite a more positive view on risk assets, forecasts average out to minimal movement ...

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Fund managers slammed for paying ratings agencies and platforms

A damning new report recommending extensive reform in the financial sector has taken aim at fund managers that pay a sponsorship fee to have their ...

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Fund managers to get ‘tobacco-free’ stamp of approval

Australia’s competition watchdog is proposing to accept an application for a certification trademark that signals to potential investors that a fund ...

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Geoff Lloyd appointed CEO of MLC

Former Perpetual managing director Geoff Lloyd has been announced as the new chief executive of MLC, following NAB’s decision to exit its wealth ...

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Global equities in for a for ‘challenging’ 2019

One fund manager anticipates more trouble ahead for global markets as trade talks and Brexit tensions play havoc with international equities.

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Global money managers say next GFC is on its way

Record levels of debt combined with low economic growth are driving fears among 83 per cent of institutional investors that a major financial crisis ...

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Government launches retirement income review

 The Federal government has today announced that it will be commissioning an independent review of the retirement income system.

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Hayne could destroy AMP’s wealth model

Analysts have warned that the royal commission final report will be “highly critical” of troubled wealth giant AMP and expect its recommendations to ...

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