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Showing 501 - 510 of 1619 results for "Colonial"

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
About 6000 financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the ...

HUB24 upgrades distribution capabilities

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... Adviser Services state manager Lydia Pearson links with the firm as its new Victorian state manager, while long-time Colonial First State account manager Tristan Paje joins as a key account manager. Paje will work alongside head of strategic accounts ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ...

Global manager to build local retail team

KANIKA SOOD  |  TUESDAY, 26 NOV 2019
A global manager is ending a 14-year-long exclusive retail distribution arrangement with Colonial First State as it takes its Australian retail distribution in-house. Acadian Asset Management invests about $9.5 billion for Australian investors across ...

Colonial First State appoints former Schroders chief

KANIKA SOOD  |  TUESDAY, 26 NOV 2019
The former chief executive of Schroders Australia is joining the boards of Colonial First State Investments Limited and superannuation trust Avanteos Investments Limited. Greg Cooper will join the two boards as an independent non-executive director ...

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
Colonial First State has confirmed it is aiming for mid-year implementation of the phase out of grandfathered remuneration, much to the ire of the Association of Independently Owned Financial Professionals (AIOFP). A CFS spokesperson confirmed to Financial ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...

Superannuation expert joins law firm

KANIKA SOOD  |  THURSDAY, 14 NOV 2019
A Sydney firm that provides compliance support to financial advisers has hired a former APRA and Colonial Financial Planning professional as its special counsel for superannuation. Maria Siu is joining SUPERCentral, and will also work with its legal ...

Colonial First State appoints distribution lead

KANIKA SOOD  |  THURSDAY, 14 NOV 2019
Colonial First State has appointed a new general manager for its distribution functions, while renaming it to CFS Advice Relationships. Bryce Quirk was announced as the general manager of CFS Advice Relationships this morning to staff and advisers. ...

CBA wealth boss to exit

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... to Japanese giant MUFG, which was completed in late July this year. The original plan for NewCo was for it to include Colonial First State, Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus ...