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Showing 171 - 180 of 1264 results for "CBA"

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Masterfund assets decline

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
... quarter. The top four providers recorded lower funds under management: AMP ($137.4bn, down 12.1%), NAB/MLC ($110.8bn, down 7.5%), CBA/Colonial ($108.3bn, down 4.1%) and BT ($102.4bn, down 1.1%). Meanwhile, mid-sized players like netwealth ($31.5bn up ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... looked at were not aligned with the net zero by 2050 target. About 55% of funds (including AustralianSuper, BT, CareSuper, CBA Super, Hostplus, Macquarie, Mercer, QSuper, Rest, Sunsuper and TelstraSuper) were undertaking activities to reduce portfolio ...

Uniti ups bid to compete with First State Super

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... combination of the issuance of 84 million Uniti shares to OptiComm shareholders and a 3-year debt facility with Westpac and CBA worth $250 million, as well as existing cash. As of August 21, Uniti had approximately $302 million in cash on its balance ...

CFS super distribution lead joins Allianz Retire+

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... implementation for two years prior to that. He joined CFS after more than three years as head of employee superannuation for CBA, a role he took on after close to six years with Russell Investments. A spokesperson for CFS said a search for Thornton's ...

Former QSuper chief joins NZ Super Fund board

KANIKA SOOD  |  TUESDAY, 8 SEP 2020
... past roles have included general manager of the Westpac Institutional Bank for three years. Vilgan currently is the chair of CBA's staff superannuation fund and chair of the federal government's safety, rehabilitation and compensation commission (from ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... conflict, act in the best interests of customers nor provide services when fees were charged. Count Financial was a subsidiary of CBA until October 2019 when it was acquired by CountPlus. CBA has provided an indemnity to CountPlus of $300 million for ...

CommSec adds general manager

JAMIE WILLIAMSON  |  THURSDAY, 3 SEP 2020
... investment director, catering to the group's private wealth clients, for the last 18 months. Confirming his new role, a CBA spokesperson told Financial Standard : "In this role, Smoker will be looking after the trading and execution function, equity ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... a steeper rate. Inflationary pressures intensified. Business confidence weakened slightly, but remained positive overall. CBA's head of Australian economics Gareth Aird said: "The decline in business activity over August is hardly surprising given the ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... directors over a money laundering and counter-terrorism scandal identified by AUSTRAC three years ago. In an ASX announcement, CBA told investors that ASIC had concluded its investigation into the bank and would not be taking any enforcement action in ...