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Mike Taylor writes that the services of experienced financial advisers have never been in greater demand as clients attempt to come to terms with the market volatility be...
Policy & Regulation
The Commonwealth Bank is facing more court action – this time the possibility of a $5 million penalty resulting from a Royal Commission referral relating to its so-called...
Financial planning
The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....
Funds management
Commonwealth Bank of Australia has retained its spot as one of the world’s biggest dividend payers, although it has fallen from 15th place in 2018 to 20th last year. ...
Financial planning
The Commonwealth Bank has recorded a solid first half profit driven in large measure by its sale of CFS Global Asset Management....
Financial planning
Compensation paid by the six largest banking and financial services institutions for fee-for-no-service and non-compliant advice is at $749.7 million, according to the co...
Financial planning
In 2017 the bank had underpaid staff in pay and entitlements in relation to super due to ‘excessively complex individual employment arrangements’, according to the Financ...
People & Products
The Commonwealth Bank chief executive will have Marnie Baker, Bendigo and Adelaide bank chief executive, as deputy chair....
Funds management
In the wake of its money-laundering scandal, most funds that had a high allocation towards the bank managed to recover losses indicating the resilience of big banks....
Financial planning
Fitch Ratings has said that the AUSTRAC proceedings brought against Westpac were credit negative, but will not have an immediate impact on its ratings....
Life/Risk
CommInsure will refund $12 million for unfair life insurance telephone sales to around 30,000 customers....
Financial planning
Just like the big industry superannuation funds, the banks are embracing salaried planners as integral to retaining a foothold in wealth management....
Financial planning
The Commonwealth Bank has confirmed a round of redundancies is underway within Commonwealth Financial Planning....
Financial planning
The Commonwealth Bank intends staying in the advice market despite its recent close-down of aligned advice and the sale of Count Financial, according to its chief executi...
Financial planning
The Commonwealth Bank has provided a broadly positive first quarter trading update including the costs so far associated with advice remediation....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...