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Showing 831 - 840 of 3425 results for commonwealth bank

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... and 1 January 2017 to 31 March 2017; analysing 200 client files from the financial planning arms of AMP, ANZ, Commonwealth Bank, NAB and Westpac and respective dealer groups. In reviewing case files provided by the institutions, ASIC found 75% of the ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning and Financial Wisdom, as part of additional conditions ASIC imposed on AFSLs in August 2014. The banking ...

FIIG Securities head of intermediaries departs

ALEX BURKE  |  TUESDAY, 23 JAN 2018
... Knight is also a board member of OneVue, the Australian Office of Financial Management, and is the chairman of the Commonwealth Government Affordable Housing Implementation Taskforce. Feldmanis spent four years at TCorp as chief financial officer and ...

Commonwealth Bank launches chatbot banker

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
Commonwealth Bank customers can now complete more than 200 banking tasks using a newly-launched chatbot. Leveraging artificial intelligence, the bank has launched Ceba, a 24/7 chatbot capable of recognising about 60,000 variations of questions regarding ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
ASIC banned a former Commonwealth Financial Planning adviser from providing financial services for five years. ASIC found Kimberley Holgate advised clients to rollover their existing superannuation account to a new product issued by CBA's subsidiary ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
... summer school holidays, leaving many without a budget financially stressed, a new survey shows. Research from the Commonwealth Bank found children tend to ask parents for money eight times more compared to regular school periods, leading to 50% of respondents ...

CBA creates new lead research role

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
Commonwealth Bank began 2018 with the creation of a new senior role, welcoming its first managing director, head of global markets research. Former chief economist for Colonial First State Global Asset Management, Stephen Halmarick, joined CBA in the ...

Bravura scores platform deal

KARREN VERGARA  |  THURSDAY, 11 JAN 2018
... clients." In December 2017, Bravura inked a new deal with New Zealand financial services provider ASB Bank. The Commonwealth Bank subsidiary will use Bravura's Sonata platform across its operations under the long-term contract, which includes KiwiSaver ...

Former Perpetual manager moves to advice firm

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... 20-year career in financial services, including eight years with Perpetual, and positions at Deloitte and the Commonwealth Bank. Infinity Wealth managing director Andrew Masson told Financial Standard that Gamble's appointment was a coup. "Being able ...

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
Shareholders in the class action against the Commonwealth Bank will receive funding from two IMF Bentham investment vehicles with aggregated capital of $150 million, moving a potentially record-breaking class action against the bank one step closer. ...