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Showing 1191 - 1200 of 4381 results for "Commonwealth"

Consistent growth fuels Future Fund cyber fears

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2018
... "The Future Fund continues to perform strongly. It is delivering against its objective, which is to strengthen the Commonwealth's long-term financial position. Returns have exceeded the target benchmark across all timeframes. From seed capital of $60.5 ...

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
The Commonwealth Bank is disputing allegations made by ASIC that it rigged the bank bill swap reference rate (BBSW) and engaged in unconscionable conduct. ASIC initiated civil penalty proceedings yesterday, alleging CBA traded a large number of its ...

Commonwealth Bank appoints new chief executive

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2018
Commonwealth Bank has named Ian Narev's successor. Effective 9 April 2018, Matt Comyn will be the new chief executive at the banking and wealth management group. Currently heading CBA's retail bank, he will replace Narev who announced his retirement ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... 2015 and 1 January 2017 to 31 March 2017; analysing 200 client files from the financial planning arms of AMP, ANZ, Commonwealth Bank, NAB and Westpac and respective dealer groups. In reviewing case files provided by the institutions, ASIC found 75% of ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning and Financial Wisdom, as part of additional conditions ASIC imposed on AFSLs in August 2014. The banking ...

FIIG Securities head of intermediaries departs

ALEX BURKE  |  TUESDAY, 23 JAN 2018
... Knight is also a board member of OneVue, the Australian Office of Financial Management, and is the chairman of the Commonwealth Government Affordable Housing Implementation Taskforce. Feldmanis spent four years at TCorp as chief financial officer and ...

Commonwealth Bank launches chatbot banker

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
Commonwealth Bank customers can now complete more than 200 banking tasks using a newly-launched chatbot. Leveraging artificial intelligence, the bank has launched Ceba, a 24/7 chatbot capable of recognising about 60,000 variations of questions regarding ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
ASIC banned a former Commonwealth Financial Planning adviser from providing financial services for five years. ASIC found Kimberley Holgate advised clients to rollover their existing superannuation account to a new product issued by CBA's subsidiary ...

CFA Australia recruits industry veterans

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
... diversified fund and fixed income portfolio manager. Before joining the investment industry, Wilton worked for the Commonwealth Treasury as an economist. Dunne, who is a director at Cbus and QIC, joins as chair of CFA Societies Australia's Advocacy Council. ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
... summer school holidays, leaving many without a budget financially stressed, a new survey shows. Research from the Commonwealth Bank found children tend to ask parents for money eight times more compared to regular school periods, leading to 50% of respondents ...