|Search Results||Showing 1 - 10 of 100+ results for "Commonwealth Bank"|
|Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice.|
|The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away.|
|It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base.|
|Colonial First State Global Asset Management will work towards an initial public offering and listing on the Australian Securities Exchange following a strategic review from its parent bank.|
|Following today's round of hearings for the Royal Commission, the Finance Sector Union of Australia (FSU) noted that "banks had better systems in place to track incoming revenue than to make sure customers had been given the ongoing advice they ...|
|In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division.|
|AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms.|
|AMP's group executive, advice and New Zealand used his appearance at the Royal Commission public hearing to apologise on behalf of the group for failings in the provision of financial advice.|
|In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct.|
|ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice.|
| | |
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
| | |
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
| | |
Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
| | |
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|