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Showing 371 - 380 of 1264 results for "CBA"

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new information ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... members in products that charged expensive legacy fees instead of promptly moving them to lower-cost MySuper products. However, CBA said it accepts it may have engaged in conduct that fell below community standards and expectations with respect to accrued ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... that collectively lent 99% of approved reverse mortgage loans between 2013 and 2017 were also examined. They were: Bankwest, CBA, Heartland Seniors Finance, Macquarie Bank, and Westpac and its subsidiaries St George Bank, the Bank of Melbourne and BankSA. ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... questioned why ASIC hasn't commenced civil penalty proceedings against NAB. Hodge said ASIC fell short in dealing with ANZ and CBA in relation to offering superannuation products at the conclusion of a personal financial questionnaire. Based on these ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... lawyers highlighting several instances where corporate and superannuation law was breached by retail superannuation funds at CBA, NAB, AMP and others. The Commission also flagged it would examine the current regulatory regime for the insurance industry ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Aussie instos back world-first blockchain bond

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
... Commonwealth Bank and the World Bank. First State Super, NSW Treasury Corporation (TCorp), Treasury Corporation of Victoria, CBA, QBE and SAFA signed on as the foundational investors of bond-i. Bond-i has raised $110 million, including the above-mentioned ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... leader in ASIC's financial services enforcement division. He was grilled over the regulator's disciplinary action on CBA, ANZ and Westpac. The discussion related to July 6 this year when CBA and ANZ entered enforceable undertakings with ASIC ...