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Showing 991 - 1000 of 4381 results for "Commonwealth"

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... retirement savings. The total amount of debt owed by the 14 companies to creditors amounted to about $9.8 million. The Commonwealth director of public prosecutions is prosecuting the matter. The ban will prevent McSweeny from managing companies for the ...

Australia lags on dividends

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... contributors to this growth were Woodside which resumed dividend payouts, BHP which gave out a special dividend and Commonwealth Bank which kept the dividend flat during the period. Australia's lagging dividend payouts come as the region it sits in ...

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
New research by Randstad has revealed the Commonwealth Bank is a much less attractive employer this year than it was last year, but the financial services industry as a whole has held steady in its ability to attract new employees. The Randstad research ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... to identify systemic complaints were key findings of both the Royal Commission and the Prudential Inquiry into the Commonwealth Bank. "With the benefit of broad consultation, ASIC's new standards will lift complaints handling performance of firms and ...

TCorp appoints general manager

KANIKA SOOD  |  WEDNESDAY, 15 MAY 2019
TCorp has hired Commonwealth Bank's long-standing head of debt markets. Simon Ling is joining TCorp as its general manager, financial markets. TCorp chief executive David Deverall said: "I'm delighted to welcome Simon to the executive team and I am ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
Commonwealth Bank has seen $714 million added to its remediation bill, pushing its total to date over $2.17 billion. The third quarter addition was flagged by CBA in company filings this morning. So far, CBA has spent or provisioned $534 million on ...

Boutique appoints portfolio manager

KANIKA SOOD  |  WEDNESDAY, 8 MAY 2019
... boutique in 2017. Vasquez was an equities analyst at Investors Mutual for over four years and held similar roles at Commonwealth Bank, ABN AMRO and Aspect Huntley (now Morningstar). "Tomas has a proven track record of generating alpha and we are delighted ...

Corporate super fund names new chair

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... Super Australia. Outside of super, Corboy was a director of Utilities of Australia, the MDC Foundation and Australian Commonwealth Games Foundation. She is currently a director of Bank Australia, which is formerly the CSIRO Co-operative Credit Society ...

Industry funds dominate AAA quality list

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
... of the super fund providers that earned the ratings are: Hostplus, LUCRF Super, Prime Super, REI Super, TWUSUPER, Commonwealth Superannuation Corporation, MLC Super Fund and ANZ Australian Staff Superannuation Scheme. Some 144 not-for-profit funds dominated ...