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Showing 11 - 20 of 147 results for %22CBA Group Super%22

Best performing MySuper investment option named

ANDREW MCKEAN  |  THURSDAY, 12 JAN 2023
... bottom of the superannuation performance table, returning 2.3%. The other options at the bottom of the table were, CBA Group Super Accumulation Plus Balanced (MySuper) at 2.8%, GESB West State Super - My West State Super at 3% and Bendigo Growth Index ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
... dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. Under an agreement ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

CBA Group Super overhauls service providers

JAMIE WILLIAMSON  |  TUESDAY, 25 JAN 2022
... Most notably, Citi Australia has lost its long-standing mandate as investment administrator and custodian for CBA Group Super. The mandates were part of an omnibus arrangement between Citi and Colonial First State, which Citi shared responsibility for ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
Commonwealth Bank of Australia (CBA) today announced all regulatory approvals have been received for the sale of a 55% interest in Colonial First State (CFS) to leading global investment firm KKR. The transaction is expected to complete on 1 December ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... individual cases have been reviewed and compensation offers made," the firms said. This is still within the $300 million limit that CBA foreshadowed when CountPlus entered into an agreement to buy the bank's aligned advice business. The year to June ...

CFS unveils new leadership team

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... recruiting for a newly created CFS group chief risk officer position to bring risk and compliance expertise as it separates from CBA. Coombe said the appointments will strengthen capability and capacity as the business continues to prepare for sale completion ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... Commonwealth Financial Planning and Financial Wisdom recommended their clients take out life insurance policies through former CBA subsidiary Commonwealth Mutual Life Assurance (now owned by AIA), when cheaper premiums for similar policies were available. ...

AUSIEX launches, announces leadership team

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
... acquire CAS in April 2020. CAS is separate to CommSec's retail broking business. On 1 May 2021, AUSIEX separated from CBA to operate independently, providing trading, asset management solutions, and wholesale brokerage that includes equities execution ...

CFS Investments chair to retire

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... superannuation and investment businesses in Australia and I am proud to have played a part in its many achievements during my tenure." CBA is in the process of offloading 55% of CFS to private equity firm KKR for an estimated $3.3 billion. "I look forward ...