COMMONWEALTH FINANCIAL PLANNING

Financial planning

Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...

Policy & Regulation

Peter Jianchao Xu has been banned by the Australian Securities and Investments Commission for failing to comply with best interests duty....

Financial planning

Rising authorised representative costs might make it more sensible for independent financial advisers with relatively low turnovers to consider becoming salaried planners...

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...

Financial planning

The Australian Securities and Investments Commission has confirmed that Commonwealth Financial Planning has cleared its enforceable undertaking obligations regarding fee ...

Financial planning

The cessation of ongoing service fees for salaried planners will cost the Commonwealth Bank $40 million....

Policy & Regulation

Commonwealth Financial Planning failed to meet its obligations to ASIC under a Court enforceable undertaking, and must now stop charging fees for ongoing services. ...

Financial planning

Commonwealth Financial Planning has sought an extension of time from the independent expert appointed to oversee the outcome of its enforceable undertaking (EU) over fees...

Financial planning

A former Commonwealth Financial Planning senior planner has pleaded guilty to one rolled-up charge alleging forgery....

Financial planning

FOS’ annual comparative tables of dispute statistics showed the number of managed investment disputes at Commonwealth Financial Planning doubled in its planner arena....

Financial planning

A forensic report found the CBA failed to meet the time-frames for several clients who requested reviews for poor advice provided between 2003 and 2012....

Financial planning

The Commonwealth Bank has offered almost $4.9 million in compensation to clients who received poor advice while it has offered compensation to 201 cases for poor advice i...

Funds management

CBA has re-signed Morningstar as its primary investment research provider for its wealth management business. ...

Financial planning

CBA has paid over $4.8 million in compensation so far to clients who received poor advice or were charged incorrect fees....

People & Products

Commonwealth Financial Planning general manager, Harry Mitchell, has been appointed as chief executive of Mine Wealth + Wellbeing....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks 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 ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days 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 ago

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

2 weeks 3 days ago