Search ResultsShowing 1 - 10 of 100+ results for "Commonwealth"
CommInsure sale stalls, sold for discount
KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is ...
Plato to raise $200 million
KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... for retirees to live off the income from cash and fixed income" given current 1% RBA cash rates and 10-year Commonwealth Government Bonds trading at a yield below 1%. "Given the recent election result, retirees can continue to bank on ...
APRA hits Allianz over risk
HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following ...
Super fund GM resigns
JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... at Lumley Life (since acquired by TAL) in 1987. Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth. Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the ...
Future Fund voted down Pinnacle equity grants
KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Andrew Thorburn at NAB's 19 December 2018 meeting and supported equity grants to ANZ chief Shayne Elliott, Commonwealth Bank chief Matt Comyn and Westpac chief Brian Hartzer. However it voted against Westpac's remuneration report. At AMP ...
CFS trims corporate super distribution team
KANIKA SOOD  |  MONDAY, 12 AUG 2019
... end, compared to the median workplace MySuper product's 8.9% return for the period, according to Rainmaker data. Commonwealth Bank's annual results announced last week showed that wealth management, which is made up of superannuation, investment ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and ...
Financial Wisdom to shut down
JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of ...
Planning foundation adds directors
HARRISON WORLEY  |  MONDAY, 5 AUG 2019
... three directors to its board. Future2 is welcoming the appointments of former FPA chair Julie Berry, acting Commonwealth Bank executive general manager of wealth management Hugh Humphrey, and Aspire Retire chief executive Olivia Maragna to its ...
VGI Partners readies $1bn Asian fund
KANIKA SOOD  |  MONDAY, 5 AUG 2019
... in September. VGI said it is in the process of appointing joint lead managers: Crestone Wealth Management, Commonwealth Securities, Ord Minnett, Taylor Collison and Wilsons as the joint lead managers for the offer. VGI is targeting a maximum ...
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