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Showing 611 - 620 of 4379 results for "Commonwealth"

AUSIEX hires head of risk from BTFG

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
AUSIEX has appointed a new risk and compliance expert who came from major institutions such as Westpac and Commonwealth Bank. The wholesale trading platform appointed Paul Williams as head of risk and compliance after finishing up at BT Financial Group. ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
... changes: establishing a retail capability to the Future Fund (which Bragg says can be done by Future Fund acquiring the Commonwealth Superannuation Corporation) and a new tax structure within Future Fund, which doesn't have to pay taxes. The paper goes ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... Australia's audit sector, Robert James Evett and EC Audit (formerly Bentleys NSW Audit) have been convicted by the Commonwealth Director of Public Prosecutions. Evett and EC Audit will pay a fine of $10,000 and $40,000 respectively. The charges, which ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
The Federal Court has imposed orders on Commonwealth Bank that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Despite reporting a $1.4 billion profit boost, Commonwealth Bank's legacy financial advice business and legal troubles continue to eat away at the bottom line. In releasing its FY21 results this morning, CBA's provisional remediation bill owed ...

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... customers. NAB comes second, with $556.1 million in fees slugged in return for no service affecting 677,531 customers, Commonwealth Bank is footing a $169.3 million compensation bill, while AMP's $230.4 million affects 225,513 customers. Macquarie ...

Colonial First State adds to board

KANIKA SOOD  |  THURSDAY, 5 AUG 2021
... role late last year, as Anne Ward retired after chairing the boards for eight years. CFSIL and Avanteos are owned by Commonwealth Bank. In July, CFS promoted general manager of product Kelly Power to chief executive for CFS Superannuation, which also ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold. The life insurer has set up AIA Financial Wellbeing, led by Pina Sciarrone ...

Commonwealth FP under review, partially offloaded

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
Commonwealth Bank has transferred part of Commonwealth Financial Planning to AIA, with the remainder of the business now subject to a strategic review. The big bank has offloaded part of Commonwealth FP to AIA Financial Services, a wholly owned subsidiary ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... service in relation to its BOLR Policy and for making misleading statements. In July, the corporate regulator and Commonwealth Director of Public Prosecutions announced that AMP was not involved in any wrongdoing with respect to its fee-for-no-service ...