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Showing 601 - 610 of 1619 results for "Colonial"

CFSGAM chief executive departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
The longstanding chief executive of Colonial First State Global Asset Management has resigned. After 10 years in the role, Mark Lazberger has announced he is leaving the $213 billion business. In the interim, chief operating officer Mark Steinberg will ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... yesterday afternoon. Counsel assisting Rowena Orr turned her focus to CBA's life insurance subsidiaries CommInsure and Colonial Mutual Life Assurance (CMLA), with executive general manager Helen Troup representing the group. A customer took out a ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... superannuation fund accounts. Launching its Get Your Super Back campaign yesterday, Slater and Gordon alleged CBA-owned super fund Colonial First State and AMP Super failed to obtain competitive cash interest rates on cash option funds and charged exorbitant ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... questions not in 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 ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... engaged in 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 ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... transferred to a 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 ...

Industry funds grows governance, risk teams

JAMIE WILLIAMSON  |  MONDAY, 20 AUG 2018
... and Beth 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 ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... thought APRA 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 ...

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
... constraints and 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 ...