CBA

Superannuation

The Commonwealth Bank of Australia has acknowledged the two class actions against Colonial First State that were filed last week....

Superannuation

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....

Life/Risk

CommInsure has been charged by the Australian Securities and Investments Commission for offering to sell life insurance products via non-compliant unsolicited phone calls...

Funds management

Colonial First State Global Asset Management has been rebranded to First Sentier Investors as it completes its sale from the Commonwealth Bank....

Financial planning

With the Commonwealth Bank’s planned exit from Financial Wisdom and the sale of Count Financial, all eyes have turned to the future of Colonial First State....

Financial planning

The Commonwealth Bank has confirmed its exit from Financial Wisdom at the same time as announcing an 8.1 per cent decline in full-year net profit after tax....

Funds management

Commonwealth Bank of Australia has announced the completion of the divestment of its global asset management business, Colonial First State Global Asset Management....

Financial planning

National Australia Bank has paid out over $32 million in customer remediation as at 30 June, 2019, part of total $119m paid out by Australia’s five largest banks. ...

Financial planning

The Commonwealth Bank has cleared the way for exiting its self-employed adviser ‘Pathways’ franchise following issues initially notified to the Australian Competition and...

Funds management

There are a range of different factors contributing to the direction of the market and for the most part if reflects confidence in the business and economy, according to ...

Financial planning

The Financial Planning Association urged the Treasury to ensure the costs of extra regulatory scrutiny of major licensees such as the banks and AMP were not ultimately ca...

Financial planning

ASIC has released the final report on the Commonwealth Bank’s compliance with additional licence conditions that were imposed regarding advice compensation, written by Ko...

Features

Two of the major banks may have exited their wealth businesses and two more may be on their way out, but Mike Taylor writes that they have astutely kept the sweetest mors...

Financial planning

The Commonwealth Bank has signalled the degree to which it will be changing its platform arrangements to overcome fee for no service problems....

Financial planning

CBA has expressed its total support for the Banking Royal Commission’s final recommendations and signalled how it is already acting on many of them as it seeks to rebuild...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 21 hours ago