Maurice Blackburn

Financial planning

AMP settles Royal Commission class action

AMP has reached an agreement to settle the shareholder class action brought by Komlotex in June 2018 following the Hayne royal commission for $110 million....

Features

Breaking down the ALRC’s legislation review

The Australian Law Reform Commission’s inquiry into the simplification of financial services legislation is expansive, multi-phased and worthy of unpacking, Liam Cormican...

Policy & Regulation

Govt accused of distorting the law on superannuation

The Federal Government has been accused of extraordinary and undemocratic legislative over-reach by trying to gain control of how superannuation funds invest on behalf of...

Financial planning

Australians should not bow to US lobbyists against class action

Caving to the demands of the US Chamber of Commerce to restrict Australian class action funding may deprive regular Australians of access to justice, according to Class A...

Life/Risk

FPA defends role of life/risk advisers

The Financial Planning Association says the advocacy efforts of financial advisers on behalf of clients can often impact the dispute data collected by the Australian Prud...

Financial planning

Risk advisers hit back at Maurice Blackburn

Risk specialists, Australian Financial Risk Management have hit back at plaintiff law firm Maurice Blackburn suggesting it has criticised risks advisers on the basis of s...

Financial planning

Explain your value – Law firm attacks risk advisers

Risk advisers need to explain why consumers can be worse off taking advised insurance when compared to those taking group insurance within superannuation, according to pl...

Life/Risk

FSC defends insurers in face of negative claims report

Plaintiff law firm Maurice Blackburn says the major life insurers have been shown to have been persistently ignoring their own code of conduct by a report from the Life C...

Life/Risk

Opt-in insurance in super irresponsible

Those who seek their own coverage cannot assume they will end up with a product in their best interests, according to a law firm....

Superannuation

Call to place employers under legal obligation on default super

A leading plaintiff law firm has called for employers to be placed under a legal obligation to select the right default superannuation fund for their employees at the sam...

Superannuation

Elkins named in CFS class action filing

Former Colonial First State executive director, Linda Elkins may have left the company and become a partner at KPMG but she has been named in a class action filing....

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...

Life/Risk

FSC dragged ‘kicking and screaming’ on codes

A plaintiff law firm has claimed the Financial Services Council and the insurance sector has been dragged ‘kicking and screaming’ towards enforceable codes of conduct....

Life/Risk

FSC proposal described as Trojan horse

Plaintiff law firm, Maurice Blackburn has labelled the Financial Services Council’s failed bid to have life/risk insurers allowed involvement in worker rehabilitation as ...

Life/Risk

FSC and insurers rebuffed on worker rehabilitation proposal

The Joint Parliamentary Committee on Corporations and Financial Services has rebuffed an FSC proposal to allow life/risk insurers to participate in getting injured worker...