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ASIC did nothing about Dover’s client protection policy for over a year, court told
Financial Services 2020-02-03 9:59 pm By Christine Caulfield

The Australian Securities and Investments Commission formed the view that Dover Financial’s “Orwellian” client protection policy was misleading in 2016 but did not raise its […]

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Top 10 class action settlements of 2019
Class Actions 2020-01-09 11:21 pm By Christine Caulfield

Companies and other defendants forked over big sums last year to settle more than 20 class actions, with a total of at least $734 million […]

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Dover can seek access to ASIC files in bid to prove ‘Orwellian’ client protection policy harmed no one
Financial Services 2019-12-20 11:04 pm By Christine Caulfield

Defunct Dover Financial, which faces a penalty hearing next year after it was found to have misled customers with an inaptly titled ‘client protection policy’, […]

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Judge looks out for pensioners as NAB ‘junk’ insurance class action settlement approval delayed
Class Actions 2019-12-03 2:37 pm By Miklos Bolza

A judge on Tuesday questioned how elderly group members struggling with the digital age can register in a ‘junk’ insurance class action against National Australia […]

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‘Orwellian doublespeak’: Judge lashes Dover Financial’s client protection policy
ASIC 2019-11-22 11:10 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has won its case against defunct financial advisor Dover Financial and its former director, who famously collapsed during the […]

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NAB reaches $49.5M settlement in ‘junk’ insurance class action
Class Actions 2019-11-20 4:51 pm By Miklos Bolza

The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance. The […]

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‘Junk’ insurance class action to focus on whether NAB’s conduct was systemic
Class Actions 2019-10-04 4:41 pm By Miklos Bolza

The hearing for a class action against National Australia Bank over allegedly worthless credit card insurance will focus on  whether the bank’s allegedly unconscionable behaviour […]

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