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Showing 31 - 40 of 140 results for %22CBA business clients%22

Investment manager appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... to 10 years in the role, implementing over $1 billion in financing solutions for clients and building the bank's business division, IPO Wealth said in a statement. IPO Wealth is 100% owned by a boutique investment company called Mayfair 101. Its ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... that the outcome is deficient?" senior counsel assisting Michael Hodge asked of Byres. Hodge said it was the same issue with CBA - the framework and policies looked good but the audit and compliance functions were not alerting or raising issues up. How ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... Commission over the actions of their organisations, with topics such as remuneration and vertical integration up for discussion. CBA chief Matt Comyn faced counsel assisting Rowena Orr over the bank's penchant for rewarding its staff with bonuses ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... Corporation (MUTB) to sell the business for $4.13 billion for a total cash consideration. MUTB approached Commonwealth Bank (CBA) after the bank announced its intention to demerge its asset management, mortgage broking and wealth businesses in June. ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
... commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has announced it will be reviewing advice fees charged to deceased estates across all its advice licensees and issuing ...

ASIC appeal convicts former CBA planner

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
ASIC has successfully helped convict a former CBA financial planner on appeal. ASIC, together with the Commonwealth Director of Public Prosecutions (CDPP), appealed the sentence of former Commonwealth Financial Planning adviser Ricky David Gillespie. ...

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 ...

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 ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... no reason to believe that members weren't getting the advice they were paying for. Earlier in the day, Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super admitted to engaging in miscount or possible misconduct with respect to advice fees in their ...

J.P. Morgan expands Australian distribution

KANIKA SOOD  |  THURSDAY, 21 JUN 2018
... development manager at Colonial First State Global Asset Management. She has also worked in sales and relationship positions with CBA. In her new role, Jacqui will be responsible for building and strengthening relationships with independent financial ...