legal action

Financial planning

Counterclaim filed in Sequoia legal action

Sequoia Financial Group has received a defence and counterclaim from Tim McGowen regarding the acquisition of Informed Investor....

Financial planning

Ampfpa canvasses litigation funder to undewrite AMP class action

AMP financial planners have asked to consider the merits of using a litigation funder to underwrite what is likely to be a prolonged class action against AMP’s BOLR chang...

Financial planning

How CountPlus took legal action against departing principals

Most firms impose contractual conditions on departing executives. CountPlus acted on them in taking legal action against a number of departing practice principals and ext...

Policy & Regulation

APRA confirms super funds facing possible RC action

The Australian Prudential Regulation Authority has confirmed that a number of superannuation funds are facing the possibility of legal action as early as next month on th...

Superannuation

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South Wales Supreme Court over superannuation commissions paid to ...

Policy & Regulation

Senate Committee recommends increasing consumers’ rights

Consumers can expect improved justice and recourse should they be victims of wrongdoing by the financial services industry as the result of a Senate Committee report hand...

Financial planning

Reputations and legal precedents at stake in ASIC action

Both corporate reputations and legal precedents are at stake in the Australian Securities and Investments Commission’s decision to pursue access to legal advice documents...

Financial planning

Financial adviser exam will cost millions

The Financial Adviser Standards and Ethics Authority’s business plan has revealed the financial adviser exam will cost millions and be the authority’s single biggest expe...

Policy & Regulation

Is IOOF APRA’s get tough guinea pig?

Documentation examined during the Royal Commission suggests the Australian Prudential Regulation Authority was actively considering whether pursuing litigation would answ...