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Showing 91 - 100 of 136 results for "Commonwealth Financial Planning"

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
... licensee conditions imposed by the Australian Securities and Investments Commission (ASIC) on CBA's Commonwealth Financial Planning and Financial Wisdom businesses. "The financial impact of the Open Advice Review program and new licensee conditions are ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... Economics Committee inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. The bank has so far set up a dedicated team, a website and a phone number to attend customer's demand ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) and Financial Wisdom (FW) will have to reopen the compensation process by contacting more than 4,000 clients with an ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
... that," Perkovic said. She added: "we will want our advisers to be part of an industry association." Commonwealth Financial Planning (CFPL) and Financial Wisdom were accused of not being transparent enough in the way they gave financial advice to their ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
... advice process over the past years and of the way it dealt with consumer complaints. Customers of Commonwealth Financial Planning and Financial Wisdom who may have received poor financial advice between September 2003 and July 2012 will be able to request ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... how many people have been made redundant as a consequence of the scandals involving the bank's Commonwealth Financial Planning (CFPL) and Financial Wisdom. "We went through a process of making sure that the involvement of everybody was looked at, but ...

FPA calls for industry summit to restore trust in advice

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... Committee recommendation to set up a Royal Commission to investigate cases of bad advice within Commonwealth financial planning businesses. "We need a system where when things go wrong, members of the profession act with speed and complete fairness." ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... committee inquiry." The Open Advice Review program will re-evaluate the advice given to clients of Commonwealth Financial Planning (CFPL) and Financial Wisdom. The bank has set up a dedicated team, a website and a phone number to attend customer's demand ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... their homes or their lifetime savings." The inquiry was prompted by cases of bad advice within Commonwealth Financial Planning (CFPL) and Financial Wisdom, both owned by CBA. Ivantsoff said that the victims have shown him letters from Financial Wisdom ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... the bank responded in a written statement. "The Group takes very seriously the past events in [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout ...