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COMMONWEALTH BANK
Financial planning
Ten per cent of advice files from the major banks and AMP sampled by the Australian Securities and Investments Commission proved to be of significant concern....
Policy & Regulation
The Commonwealth Bank of Australia has admitted to a major breach of Australian money laundering regulations in the wake of AUSTRAC’s investigation....
Financial planning
Mike Taylor comments that the Commonwealth Bank board has clearly decided on radical change via the sale of CommInsure, the likely splitting off of Colonial First State G...
Superannuation
The ISA has hit out against the Federal Government’s introduction of super bills yesterday, arguing new transparency and disclosure rules could hurt industry super....
Financial planning
Publicly-listed litigation funder, IMF Bentham has confirmed it will fund a class action against the Commonwealth Bank over its alleged AML Act breaches....
People & Products
The Commonwealth Bank has appointed former Westpac and NSW Government executive, Robert Whitfield to its board....
Financial planning
The Commonwealth Bank board has put an end-date on Ian Narev’s tenure as chief executive....
Financial planning
The Commonwealth Bank’s wealth management boss, Annabel Spring has backed lifting the FOS monetary limit to over $1 million....
Superannuation
The Commonwealth Bank will back-pay up to eight years in SG contributions to its past and present part-time employees....
Editorial
Mike Taylor writes that in a delicately-balanced House of Representatives there is no guarantee the Government can continue to deflect pressure for a banking Royal Commis...
Superannuation
The Finance Sector Union has accused the Commonwealth Bank of falling short of its superannuation guarantee obligations to part-time employees....
News
The Commonwealth Bank has posted a record $9.2 billion profit but its wealth businesses have turned in mixed results with funds management up but life insurance down....
Policy & Regulation
ASIC’s latest enforcement report had revealed the degree to which its Wealth Management Project identified issues within CommBank, NAB and Macquarie Bank....
Financial planning
Advisers at the Commonwealth Bank showed the second highest level of loyalty and their advisers had the second highest average tenure, with Macquarie topping the list....
Financial planning
Marianne Perkovic has been promoted out of her wealth management role to become EGM of Commonwealth Private. ...
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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?...