Major litigation law firm Slater & Gordon is mounting a Federal Court class action against CBA's Colonial First State for allegedly parking its super fund members' cash in the bank's own low-yielding accounts. read more
Insurance, funds and super (173 items)
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New Zealand’s Financial Markets Authority is warning KiwiSaver investors not to assume any correlation between funds which charge high fees and those that give good returns. read more
Asking the right questions but rarely answering them, Kenneth Hayne's interim report for his royal commission is a blend of populist scorn for, mixed with a sturdy defence of, a rattled banking industry. read more
In the shadows of the expected publication by Commissioner Kenneth Hayne of his interim report on misconduct in the banking, superannuation and financial services industries a class action has been launched by major litigation law firm Slater and Gordon. read more
Austrac has warned that retail and industry super funds are potential targets of criminal groups looking for new ways to launder money. read more
CommInsure’s treatment of a claim by an insured woman with breast cancer was based on an outdated definition of cancer, imposed limitations on that definition that were not expressed in the policy documents, and did not account for the opinion of her doctors, the Hayne royal commission heard on Friday. read more