Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 110 results for %22CBA Inquiry%22

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
First Super will vote against the re-election of two Commonwealth Bank (CBA) board members who served during the bank's financial advice scandal. The fund will use its vote at the forthcoming CBA annual general meeting on November 12 and will oppose ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
Commonwealth Bank (CBA) has appointed three law firms as independent customer advocates for its Open Advice Review compensation program. Maurice Blackburn, Shine Lawyers and Slater and Gordon have been appointed to support individual customers through ...

Government says no to CBA Royal Commission

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
... Senate Economics Committee to open a Royal Commission to investigate the financial planning scandals within Commonwealth Bank (CBA). The government has issued a two-page response to the 61 recommendations put together by the Senate Economics Committee ...

Coalition Senators head-to-head over FoFA

LAURA MILLAN  |  FRIDAY, 26 SEP 2014
... Investments Commission (ASIC), following a number of media reports that revealed cases of bad advice within Commonwealth Bank (CBA). The committee sought advice from Cormann on August 27 but, according to the latest report, "the minister's response has ...

Institutions' bid to raise adviser education not genuine: FSU

LAURA MILLAN  |  MONDAY, 8 SEP 2014
... education requirements for advisers would have a positive outcome for consumers. The FSU acknowledged that Commonwealth Bank (CBA), National Australia Bank (NAB), AMP Group A and Westpac-owned BT Financial Group have announced significant increases to ...

Vertical integration good for consumers, competition: instos

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... provide their advisers with high quality professional development, education and training," AMP argued. Commonwealth Bank (CBA) acknowledged that "vertical integration can result in conflicts," but noted that the Future of Financial Advice (FoFA) reform ...

Call general advice 'sales': CBA

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... regulatory environments to stimulate affordable, accessible and appropriate financial information." In a separate statement the CBA commented: "Many observations in the Interim Report such as the priority of customer wellbeing and system resilience in ...

FSI flooded with second round submissions

ALICE URIBE  |  FRIDAY, 29 AUG 2014
... coming weeks. Submissions from some big financial services players including Macquarie and the Commonwealth Bank of Australia (CBA) and the Australian Securities and Investments Commission (ASIC) have already been published. They cover responses to the ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN  |  MONDAY, 25 AUG 2014
Commonwealth Bank (CBA) is in advanced discussions with a number of plaintiff law firms that will act as independent consumer advocates in the Open Advice Review program to compensate victims of poor financial advice. CBA is expecting to announce the ...

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... existing advisers have up to 31 December 2019 to do so. AMP's decision follows a similar announcement by Commonwealth Bank (CBA), which has been at the centre of a Senate inquiry after media reports unveiled cases of adviser misconduct and inconsistent ...