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Showing 91 - 100 of 355 results for %22CBA Super%22

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... charged fees for services they did not provide and the regulator filed a report in 2016. Yet ASIC accepted EUs from ANZ and CBA just days before the Royal Commission public hearings kicked off last year, and commenced civil proceedings against NAB/NULIS ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... the meeting, made or received the telephone call, or initiated the [inquiry]." He pointed to the attempts made by ANZ and CBA to sell superannuation in bank branches under a general advice scenario - which "may have contravened the law." He echoed the ...

Industry fund chief executive moves to life insurer

KANIKA SOOD  |  MONDAY, 21 JAN 2019
... management (life insurance and retail advice) and banking spread in Australian and Asian markets. He has held roles at NAB, CBA, IOOF and AXA. He will relocate to Sydney for the role. Nunn replaces MetLife chief financial officer Vince Watt who has been ...

UniSuper awards fixed income mandate

KANIKA SOOD  |  FRIDAY, 18 JAN 2019
... sell a German 10-year bund," he said. "If you go to a barbecue in Australia, the chat will be if you should buy BHP shares or CBA." The boutique's initial strategy has focused on high-grade sovereign bonds backed by governments with a credit rating ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Essential Super Employer returned 6% p.a. and Mercer SmartPath delivered 5.9% p.a. Colonial First State is set to demerge from CBA alongside Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... to overhaul the bank that was "once great" under his leadership, but flagged there might be "missteps" along the way. The CBA boss, who was appointed to lead the bank in January this year, said he didn't underestimate the magnitude of turning the bank's ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... superannuation and investment products across the wider industry and believe a legislative approach should be considered," CBA Wealth Management chief operating officer Michael Venter said. NAB has also announced that NAB Financial Planning and NAB Direct ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... that the outcome is deficient?" senior counsel assisting Michael Hodge asked of Byres. Hodge said it was the same issue with CBA - the framework and policies looked good but the audit and compliance functions were not alerting or raising issues up. How ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... Consumers' Centre benefitting from a $1.25 million payment as a result of an Enforceable Undertaking (EU) ASIC entered into with CBA and ANZ following an investigation that found they missold super products. Shipton said the payments aim to "ameliorate" ...

CBA ramps up blockchain

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... Gilder who is CBA's head of experimentation and commercialisation for blockchain, embodied AI and emerging technology said CBA has a portfolio of blockchain projects. Some of these are at very early stages where the bank is trying to determine if ...