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Showing 291 - 300 of 1264 results for "CBA"

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
... million added to its remediation bill, pushing its total to date over $2.17 billion. The third quarter addition was flagged by CBA in company filings this morning. So far, CBA has spent or provisioned $534 million on remediating advice clients, $459 ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... June. The cuts would save members $68 million in annual fees for 500,000 members and shave $45 million off its FY20 NPAT, CBA said in company filings then. FirstChoice Employer Super is also making changes to cut fees for members of the option by 65%. ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... increased by 7000. AMP is the largest advice licensee with 2577 advisers. However, its margin over the next largest licensee - CBA - has significantly reduced. At that point in time, AMP had 1550 more advisers than CBA. This is now down to less than ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... FirstWrap Plus platforms. They are effective from June. The cuts will deal a $45 million blow to FY20 net profit after tax, CBA said in company filings this morning. "We know lowering fees will benefit member retirement savings outcomes and we're ...

ANZ dismisses alleged job cuts

KARREN VERGARA  |  THURSDAY, 18 APR 2019
... use of technology." The Financial Services Union has not received any confirmation from ANZ about job cuts as yet. Likewise, CBA is under pressure to disclose the extent of its planned job cuts across its branches and technology division, alleged to ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
Commonwealth Bank Australia (CBA) notified the Finance Sector Union (FSU) it will have to reimburse staff after a series of errors resulted in workers being underpaid. Thousands of current and former employees of CBA and BankWest have been underpaid ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... across its branches and technology division, alleged to affect 10,000 employees. The Financial Sector Union said it wrote to CBA chief executive Matt Comyn asking to confirm or deny these reports so that "workers know where they stand." "CBA needs to ...

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... reverse mortgages, which have not always aligned with the long-term housing and income needs of retirees. The end of 2018 saw CBA and BankWest cease writing new business for reverse mortgages. Household Capital loans range from $50,000 to $550,000 and ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... role too greatly. "Taking into account developments such as the BEAR regime, the Royal Commission, the learnings from the CBA Inquiry - and the fact we have had new powers given to us - we plan to set out a new approach to enforcement that will see us ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... million to 232 clients advised by five of its advisers, according to KordaMentha Forensic's fifth and final report. This takes CBA's total remediation bill in relation to the issues and other identified throughout the review to $9.3 million. The initial ...