Search ResultsShowing 21 - 30 of 100+ results for "Commonwealth Bank"
CountPlus' 100-day plan for Count Financial
ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
CountPlus' acquisition of Count Financial from the Commonwealth Bank has been completed for a fee of $2.5 million - and CountPlus is confident its new business will return a first year profit. CountPlus acquired 85% of Count Financial with the 15% balance ...
CommInsure sale stalls, sold for discount
KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing ...
APRA hits Allianz over risk
HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following ...
Super fund GM resigns
JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... Lumley Life (since acquired by TAL) in 1987. Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth. Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the best in retirement. ...
Future Fund voted down Pinnacle equity grants
KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Andrew Thorburn at NAB's 19 December 2018 meeting and supported equity grants to ANZ chief Shayne Elliott, Commonwealth Bank chief Matt Comyn and Westpac chief Brian Hartzer. However it voted against Westpac's remuneration report. At AMP, it ...
CFS trims corporate super distribution team
KANIKA SOOD  |  MONDAY, 12 AUG 2019
... compared to the median workplace MySuper product's 8.9% return for the period, according to Rainmaker data. Commonwealth Bank's annual results announced last week showed that wealth management, which is made up of superannuation, investment, retirement ...
CBA remediation bill drags performance
KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...
Financial Wisdom to shut down
JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...
Planning foundation adds directors
HARRISON WORLEY  |  MONDAY, 5 AUG 2019
... three directors to its board. Future2 is welcoming the appointments of former FPA chair Julie Berry, acting Commonwealth Bank executive general manager of wealth management Hugh Humphrey, and Aspire Retire chief executive Olivia Maragna to its board ...
ASIC reveals advice remediation progress
HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... banks and AMP oversee financial advisers has netted less than $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation for poor financial advice since the corporate ...
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