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FSU puts banks on notice following landmark WFH ruling
The Finance Sector Union has warned the country's biggest banks they could be flouting workplace laws if they refuse flexible work requests, following a landmark court victory for a Westpac worker whose work from home request was denied.
Hesta, Prime Super pay ASIC fines for greenwashing
Superannuation funds Hesta and Prime Super have been pinged by the corporate regulator for allegedly greenwashing their investment portfolios.
Colonial First State, AIA settle class action for $140M
Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.
ASIC mulls appeal in conflicted remuneration case against ex-Freedom boss
ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.
ASIC wins OK to pursue case against Solve My Debt despite liquidation
The corporate cop has won court approval to proceed with a consumer suit against debt manager Solve My Debt, despite the company falling into liquidation.
Fraudster Chris Marco cops record 14-year sentence for Ponzi scheme
A court has slapped a 14-year jail term on Perth businessman Chris Marco, after a jury found him guilty of 43 charges connected to a $34 million fraud on investors.
ASIC, eToro settlement falls through in novel CFD case
Trial has kicked off in ASIC's first-ever design and distribution suit over high-risk contracts for difference, after an in-principle agreement reached with investment company eToro fell through.
Marsh appeals ruling blocking it from pursuing Greensill claims in UK court
Insurer Marsh wants the Full Federal Court to overturn a ruling barring it from pursuing claims in a UK court over the failure of Greensill Capital.
Adviser banned as ASIC probes $526M investment into Shield, First Guardian
ASIC has secured an interim injunction against financial adviser Ferras Merhi, whose network of advisers is accused of leading thousands of clients to invest $526 million into two failed funds.
RAMS ordered to pay $20M penalty in ASIC case
Defunct Westpac home loan unit RAMS has been hit with a $20 million penalty after admitting to widespread misconduct at its franchises over a four-year period.