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Showing 1441 - 1450 of 4381 results for "Commonwealth"

CBA innovation hubs go global

DARREN SNYDER  |  WEDNESDAY, 20 JAN 2016
Commonwealth Bank (CBA) is building on its Sydney innovation lab by launching a second lab in Hong Kong and unveiling plans to expand to London later this year. CBA group executive institutional banking and markets, Kelly Bayer Rosmarin, said Hong Kong's ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
... retiree groups, claiming pensioners were formally notified mid-December about changes to their pension. Superannuated Commonwealth Officers' Association (SCOA) federal president Annette Barbetti said the association had received more than 100 phone calls ...

More CBA-aligned advisers under scrutiny

DARREN SNYDER  |  THURSDAY, 17 DEC 2015
Client files of an additional 17 advisers at Commonwealth Financial Planning (CFPL) and Financial Wisdom (FWL) are to be reviewed for potential inclusion in a compensation program. This is the key finding in KordaMentha Forensic's second report on past ...

CBA makes senior advice appointment from AMP

ALEX BURKE  |  WEDNESDAY, 9 DEC 2015
... was managing director at Hillross. He has also held positions at Optus, Vodafone and PwC. At CBA, he will manage Commonwealth Financial Planning and BW Financial Advice. "Hugh has more than 15 years' experience in the financial services and telecommunications ...

CBA to close institutional equities business

MARK SMITH  |  TUESDAY, 8 DEC 2015
Commonwealth Bank is closing its institutional equities business following a strategic partnership with Goldman Sachs investment bank. Commonwealth Bank's proprietary institutional equities team that forms part of the bank's institutional banking and ...

SMSFs ramp up trading in turbulent markets

LAURA MILLAN  |  FRIDAY, 4 DEC 2015
... trading volumes favouring buying during recent volatility shows investors are constantly keeping an eye on the market," Commonwealth Bank head of SMSF customers Marcus Evans said, and added that the data "dispels the myth that SMSFs are conservative ...

No change to super tax subsidy measure

ALEX DUNNIN  |  FRIDAY, 4 DEC 2015
... just issued its report into its review of the Tax Expenditures Statement (TES) that tries to measure the cost to the Commonwealth Budget of tax concessions by taxpayers. Superannuation lobby groups aligned to the wealth management sector have long argued ...

AZ NGA acquires sixth practice

ALEX BURKE  |  THURSDAY, 26 NOV 2015
Paul Barrett's AZ Next Generation Advisory has acquired an advice firm operating under the Commonwealth Bank-owned Financial Wisdom licence. Harvest Wealth is AZ NGA's sixth acquisition, following Pride Advice, CBA-aligned practices Eureka Whittaker ...

CBA refunds $80m for failing to apply discounts

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
Commonwealth Bank (CBA) will refund about $80 million to around 216,000 Wealth Package customers as a compensation for failing to apply fee waivers, interest concessions and other benefits since 2008. The Wealth Package offered benefits such as interest ...

Advice M&A deals boom after years of stagnation

LAURA MILLAN  |  FRIDAY, 20 NOV 2015
... rapidly after years of stagnation. Before 2014, "big banks were buying everything that was on the market." But when the Commonwealth Financial Planning scandal broke in 2014, they stopped buying. This, combined with the uncertainty around the grandfathering ...