Commonwealth Bank of Australia

COMMONWEALTH BANK OF AUSTRALIA

Financial planning

CBA defends its advice compensation processes

The Commonwealth Bank has asserted it is ahead of schedule in reviewing the advice given by five former advisers and in assessing what compensation may be payable....

Financial planning

CBA faces further advice compensation

The Commonwealth Bank has had additional license conditions imposed on Commonwealth Financial Planning and Financial Wisdom and is facing having to compensate the clients...

Financial planning

Financial planner banned for five years

Kimberley Holgate has been banned from providing financial services for five years by the Australian Securities and Investments Commission, following a finding by the reg...

Funds management

Banks struggle to increase ‘share of wallet’

Bank customers do not want to increase the ‘share of wallet’ they invest in single banks, preferring to instead diversify their funds across a range of advisers, accordin...