Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 29 of 29 results for %22CFPL%22

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... homes or their lifetime savings." The inquiry was prompted by cases of bad advice within Commonwealth Financial Planning (CFPL) and Financial Wisdom, both owned by CBA. Ivantsoff said that the victims have shown him letters from Financial Wisdom saying ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... bank's statement was questioned both by ASIC and the Committee during the inquiry, with the regulator saying that change at CFPL and, in particular, breach reporting, was still a "work in progress." The Senate report noted "with some concern that CFPL's ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
... information requests. "We continue to co-operate with a request for additional information from the Senate Committee," CBA said. "CFPL is now a significantly transformed business," the bank reiterated, and added that "communication to customers and the ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... of independent advice was not applied consistently." The bank reiterated that "it deeply regrets that a number of former CFPL and FWL advisers did not provide quality advice to some customers in the past." However, it added that Commonwealth Financial ...

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... (thereby resulting in lower financial losses) than was ultimately negotiated at mediation." "Therefore, unless clients disputed CFPL's retrospective reassessments, they may well have received compensation which did not reflect their losses." The law ...

ASIC admits Commonwealth FP investigation was "not adequate"

LAURA MILLAN  |  MONDAY, 5 AUG 2013
... unit between February 2007 and February 2008. "ASIC formed the view that the quality of advice and standards of practice in CFPL were unacceptable," the submission said. The regulator admitted that "it should not have placed as much reliance on CFP's ...

Another Commonwealth Financial Planning adviser banned

BEN COLLINS  |  MONDAY, 12 NOV 2012
... Ricky David Gillespie, of Southport, Queensland, was a senior financial planner for Commonwealth Financial Planning Limited (CFPL) between 2006 and 2009. ASIC said that after an investigation during 2008 and 2009, Gillespie forged clients' signatures ...

Commonwealth FP adviser banned

LINDA HAUSKEN  |  TUESDAY, 5 JUN 2012
... Securities & Investments Commission has accepted an enforceable undertaking from former Commonwealth Financial Planning Limited (CFPL) employee, Joe Chan, after he was found to have failed to meet adviser obligations. Australian Securities Investment ...

CFP adviser offers ASIC EU

ELISE BURGESS  |  THURSDAY, 5 APR 2012
... former Commonwealth Financial Planning adviser, including a five year ban. A former Commonwealth Financial Planning Limited (CFPL) adviser, Christopher Baker of Croydon, NSW, has offered to not provide financial services in any capacity for a minimum ...
PAGE:
3