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Showing 1041 - 1050 of 3426 results for commonwealth bank

Super funds need to compete globally

DARREN SNYDER  |  FRIDAY, 4 SEP 2015
... would be an increased market for defensive assets including bonds. "Super funds don't dominate the bond market. In Commonwealth bonds, super funds hold 7% of the bond market. Non-residents hold 70%," McLaughlin said. "Local funds will be competing against ...

Countplus profit hit by end of loyalty payments

MARK SMITH  |  THURSDAY, 27 AUG 2015
Countplus has seen its after-tax profit fall 12.2% as loyalty payments paid by Commonwealth Bank ended. Net financial planning revenue was down 15.9% due to payments to 16 member firm franchisees expiring. Excluding the impact of these payments and ...

Australians are hardly retirement ready

DARREN SNYDER  |  THURSDAY, 27 AUG 2015
... Australians on the verge of retirement are least likely to be retirement ready according to new analysis from Commonwealth Bank. Reviewing the data of more than 12 million Australian superannuation accounts as at 30 June 2014, CommBank and Rice Warner ...

Countplus sells back stake in advice firms

LAURA MILLAN  |  MONDAY, 24 AUG 2015
Commonwealth Bank-owned Countplus has sold its stake in two advice firms to management and senior employees. Employees and principals of Gold Coast firm MBA Partnership have bought back Countplus' 40% interest in the business. A 30% stake of Melbourne-based ...

IRESS sees profit in wealth management

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
... demand in the wealth management segment with IRESS appointed as the financial advice technology partner for Commonwealth Bank during the period. IRESS also acquired digital advice platform Innergi. In its announcement to the Australian Securities Exchange ...

PROFILE: SSGA head of Investment Solutions Group Mark Wills

LAURA MILLAN  |  THURSDAY, 20 AUG 2015
... equities and cash." After NSW State Super, he had a number of jobs on both the buy and sell side including roles at Commonwealth Bank Asset Management, at Westpac Investment Management and at Goldman Sachs Asset Management, where he became an equity ...

Capital raising not total solution: CIFR

DARREN SNYDER  |  THURSDAY, 13 AUG 2015
... attention has been paid to governance despite a strong link between governance and risk-taking. Yesterday the Commonwealth Bank announced a $5 billion capital raising that will see an opportunity for eligible shareholders to buy one new share for every ...

Difficult year for insurance income: CBA

DARREN SNYDER  |  THURSDAY, 13 AUG 2015
Commonwealth Bank chief executive Ian Narev said it had been a difficult year for life insurance income and more work needs to be done to make its product attractive. Yesterday the bank announced a $9.1 billion cash profit for the past financial year ...

CBA profit tops $9 billion

DARREN SNYDER  |  WEDNESDAY, 12 AUG 2015
Commonwealth Bank recorded a $9.1 billion cash profit in the last financial year with its wealth management arm the only division to see a profit drop. The bank's total cash profit was a 5.3% increase on the previous year yet its wealth management profits ...

Magellan doubles profit, boosts FUM

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... the year before. The group has relationships with over 500 independent financial advice firms as well as with Commonwealth Bank, BT, AMP and IOOF; four of the country's top six aligned advice businesses. The inclusion of the Magellan Global fund on the ...