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COLONIAL FIRST STATE
Funds management
Macquarie Group has ranked as the largest asset manager in Australia with US$412 billion ($583 billion), significantly greater than its nearest rival....
People & Products
It has appointed Colonial First State’s head of superannuation, Fintan Thornton, as its head of institutional solutions to develop the firm’s partnerships and solution de...
Policy & Regulation
The Commonwealth Bank is facing court action initiated by the Australian Securities and Investments Commission which might have been avoided if it had properly and transp...
Superannuation
Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....
Superannuation
Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension ...
Financial planning
Global private equity player KKR is about to pick up 55% of Colonial First State from the Commonwealth Bank and, as Mike Taylor writes, it resolves a lot of challenges fo...
Financial planning
Financial planning and accounting group, CountPlus has received confirmation from the Commonwealth Bank that 35.85% of the company registered to Colonial First State do n...
Superannuation
The corporate watchdog allege Colonial First State Investments Limited sent misleading or deceptive communications to members of the FirstChoice Fund....
Financial planning
Colonial First State has announced fee reductions on the back of a program which will see the removal of grandfathered conflicted remuneration and insurance-related advis...
Features
Mike Taylor writes that the transition of Count Financial advice practices to a user-pays model has starkly revealed the degree to which the end to grandfathering has als...
Superannuation
The former Howard Government never went far enough on superannuation choice in 2005 and the Government should not baulk at addressing the problem this year, according to ...
Funds management
The exclusive retail distribution deal between Acadian and Asset Management and Colonial First State ended on 31 December, a week later Acadian announced it had recruited...
Financial planning
Colonial First State has flagged eliminating all grandfathered remuneration from mid-2020....
Funds management
The exclusive retail distribution arrangement will conclude at the end of the year which has been in place since 2005....
People & Products
Bryce Quirk will replace the role previously held by Peter Chun, in the recently renamed CFS Advice Relationships department....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...