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Showing 571 - 580 of 1450 results for "Colonial First State"

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... accordance with the Superannuation Industry (Supervision) Act. APRA warned namely the trustees of Suncorp, Colonial First State and IOOF it is reviewing material to identify further steps to be taken. APRA said it will delve further into tax refunds ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... conduct that fell below community standards and expectations with respect to accrued default amounts (ADA). Colonial First State executive general manager Linda Elkins blamed the limitation of CBA's systems and lack of operational capacity for failing ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... MySuper product before the deadline. Hodge said it was open to the Commissioner to find if CBA and its RSE Colonial First State Investments Limited (CFSIL) may have: Breached section 912A(1)(a) of the Corporations Act to do all things necessary to ensure ...

Industry funds grows governance, risk teams

JAMIE WILLIAMSON  |  MONDAY, 20 AUG 2018
... Ooi have also joined the industry fund. Tongue also joins for QMV where he worked on projects for HESTA and Colonial First State, while Ooi was most recently working in transformational change at Netwealth. Equip chief executive Nicholas Vamvakas said ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... would "have a view they have operated reasonably soundly in a general sense." When testimony turned to a Colonial First State letter and call script dissuading superannuation fund members from moving to a MySuper product - which APRA found to be acceptable ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Colonial First State admitted to falling below community standards when it crafted poor communication to super fund members to dissuade them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... poor systems once again took a beating at this morning's Royal Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager Linda Elkins blamed the limitation ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
Colonial First State's messy MySuper transition came under the Royal Commission's lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members ...

Funds SA appoints chair, director

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... most recent role, Burton was employed as an investment manager at LOGOS property. He has also worked with Colonial First State Global Asset Management (CFSGAM), Deutsche Bank, ABN Amro and Lend Lease. In 2017, Funds SA generated $8.1 million in revenues ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... $568 million cash profit in FY18 (up 5%), it was a collection of mixed results for businesses which include Colonial First State, CFS Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and Aussie Home Loans. CFSGAM recorded net outflows ...