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Life/Risk
AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement....
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....
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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?...