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Showing 1311 - 1320 of 4381 results for "Commonwealth"

Unadvised SMSFs ripe for advisers

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
... reforms from news and social media platforms. This is a key finding of new research from the SMSF Association and Commonwealth Bank slated for release in April, exploring SMSF trustee expectations and the provision of advice. "These people are relying ...

CBA records $4.9bn half-year profit

DARREN SNYDER  |  WEDNESDAY, 15 FEB 2017
Commonwealth Bank's wealth management arm recorded a $249 million profit in the second half of 2016, up 6% on the first six months of the calendar year. The wealth division was a small contributor to CBA's overall net profit after tax of $4.9 billion ...

Perpetual hires former Count CEO

ALEX BURKE  |  FRIDAY, 10 FEB 2017
... established by industry luminary Barry Lambert in 1980. Prior to that, he was general manager of strategic development in Commonwealth Bank's wealth management division and chief operating officer for Neuberger Berman's hedge fund business. He has also ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... unchallenged in the Senate during parliament yesterday. Professional Standards of Financial Advisers Under the reforms, a commonwealth standards body will be created to govern the professional standing of the financial advice sector. The body will set ...

Industry giant retires

EMMA RAPAPORT  |  THURSDAY, 9 FEB 2017
... medical cannabis. Lambert's distinguished career started at age 17 when he took a job in the Taree branch of the Commonwealth Bank. He went on to found Count Financial in 1980, an after-hours tax service firm which at its peak, represented around 500 ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
The Commonwealth Bank will pay at least $23 million in compensation to customers found to have received inappropriate and costly financial advice. Promontory Financial Group confirmed it has completed all assessments of Commonwealth Financial Planning ...

Fund manager launches new IMA

JAMIE WILLIAMSON  |  FRIDAY, 3 FEB 2017
... possibilities can provide investors with the ability to invest in companies' right across the Australian share market from Commonwealth Bank right down to the micro-cap space," Carson said. Carson said that investments in technology and the IT sector ...

Super taxes break $35bn budget hit

ALEX DUNNIN  |  WEDNESDAY, 1 FEB 2017
... the next four years. Superannuation taxation expenditures in 2015-16 represent an amount equivalent to 8.2% of the Commonwealth budget, up from 7.3% in 2012-13. But in a fiscal warning, and despite policy changes designed to trim the tax breaks, by 2019-20 ...

CBA and Queensland Treasury build blockchain bond

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
Commonwealth Bank issued the world's first government bond built using blockchain. The bank created a cryptobond for Queensland Treasury Corporation via its capital markets blockchain platform, the first of its kind both in Australia and globally. QTC ...

CPA creates planner education solution

EMMA RAPAPORT  |  FRIDAY, 20 JAN 2017
... new exam requirement to practice. "The inclusion of RG146 education is a temporary benefit," Munoz said. Under new commonwealth legislation, from January 2019 advisers entering the industry will be required to hold a relevant degree, and existing financial ...