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Showing 1081 - 1090 of 4381 results for "Commonwealth"

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
Commonwealth Bank is selling Colonial First State Global Asset Management (CFSGAM) to a Japanese buyer. The bank has entered into an agreement with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to sell the business for $4.13 billion for a total ...

CBA ramps up blockchain

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
Commonwealth Bank is close to completing more blockchain projects, after it delivered the world's first blockchain bond with World Bank in August. Speaking at SIBOS, Sophie Gilder who is CBA's head of experimentation and commercialisation for ...

Advice dealer group takes out governance award

JAMIE WILLIAMSON  |  TUESDAY, 23 OCT 2018
... the challenge of embedding compliance, risk, ethics and governance in their organisation." Westpac, NAB, ANZ, AMP, Commonwealth Bank, AIA and Thomson Reuters are principle members of the institute. Elders has just joined IOOF as part of the group's acquisition ...

Bank-owned advice firm requests ASIC extension

DARREN SNYDER  |  MONDAY, 22 OCT 2018
... advice subsidiary has sought an extension to complete a major report as part of its enforceable undertaking. ASIC said Commonwealth Financial Planning Limited (CFPL) recently requested an extension for Ernst & Young (EY) to produce its final report on ...

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program. ASIC said school banking programs are supposed to educate young Australians about the ...

Former AustralianSuper risk boss joins AMP super boards

HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
... finance, superannuation and consumer services, which saw her in senior management roles with the likes of BNP Paribas, Commonwealth Bank and Qantas. AMP Superannuation Limited chairman Rick Allert said Brain and Doyle's experience would ensure the wealth ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... turning them into long-term customers of a bad-value bank," Kirkland said. "Once you factor in recent revelations that Commonwealth Bank staff fraudulently activated Dollarmite accounts for personal gain, awarding them a Shonky was an easy decision." ...

FPA appoints new chair, director

KANIKA SOOD  |  FRIDAY, 12 OCT 2018
... 'financial planner' and 'financial adviser' in law, and the recognition of financial planners as signatories for Commonwealth statutory declarations, alongside lawyers, medical practitioners and justices of the peace, the association said. "I'm delighted ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
Commonwealth Bank will refund unauthorised advice fees charged to dead customers and rebate all grandfathered commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... either gone unpunished, or the consequences have not met the seriousness of what has occurred and must be addressed." Commonwealth Bank and Westpac will face the committee this Thursday; ANZ will face questioning on Friday; and NAB is set to appear the ...