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Showing 51 - 60 of 147 results for %22CBA Group Super%22

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... leader in ASIC's financial services enforcement division. He was grilled over the regulator's disciplinary action on CBA, ANZ and Westpac. The discussion related to July 6 this year when CBA and ANZ entered enforceable undertakings with ASIC ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... An article, published in a national newspaper, exposed how bank-linked retail funds generated low returns on cash options. CBA was deemed "unhappy" with the article and was prompted to conduct an internal analysis of its different cash options. Twelve ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... company preparing to demerge in 2019, contributed more than 6% to CBA's overall cash after-tax profit of $9.2 billion. CBA said its FY18 profit is down 4.8% on the previous year, hindered by items such as the $700 million AUSTRAC penalty, the removal ...

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 ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Commission's fifth round, which kicked off in Melbourne this morning, Senior Counsel Assisting Michael Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super have admitted to engaging in miscount or possible misconduct with respect to advice fees in ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... superannuation fund members established in 2013 will finally become fully operational thanks to $2.5 million in penalties paid by CBA and ANZ for the mis-selling of super products. The Superannuation Consumers' Centre will receive $1.25 million from ...

CBA Group Super appoints CIO

KANIKA SOOD  |  TUESDAY, 31 JUL 2018
... investment role to replace Gerard Parlevliet, who retired after 38 years' service at Commonwealth Bank. Dias joined CBA Group Super in 2014 as the head of investment operations. Prior to this, she was WorkCover NSW's director of investment operations ...

MetLife names chief operating officer

KARREN VERGARA  |  WEDNESDAY, 18 JUL 2018
... Campbell's role is now dedicated to focussing on Australia. Prior to his three years at TAL, Campbell spent 10 years at CBA and CommInsure, holding a variety of executive roles, which included overseeing the group insurance business. Campbell has ...

CBA, ANZ told to clean up superannuation distribution

KANIKA SOOD  |  FRIDAY, 6 JUL 2018
... the proximity between the fact-finding process and the discussion about Essential Super or Smart Choice Super was leading CBA staff and ANZ staff to provide personal advice to customers about their superannuation," the regulator said. Branch staff for ...

HSBC quietly exits financial advice

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... First State Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and Aussie Home Loans will operate separately. CBA will however retain Commonwealth Financial Planning which will sit within the retail banking services division. NAB announced ...