Search ResultsShowing 71 - 80 of 100+ results for "Commonwealth Financial Planning"
CBA apologies again, refutes reckless culture accusations
LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... the bank responded in a written statement. "The Group takes very seriously the past events in [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout ...
CBA forced to review poor compensation methods
LAURA MILLAN  |  MONDAY, 19 MAY 2014
Commonwealth Financial Planning and Financial Wisdom will have to reopen compensation processes for more than 4,000 clients after its methods were found to be inconsistent and disadvantaged customers. The Australian Securities and Investments Commission ...
Wake-up call for watchdog after inquiry
LAURA MILLAN  |  TUESDAY, 22 APR 2014
... reports that it had taken the regulator 16 months to act on cases of serious misconduct within Commonwealth Financial Planning, but the Commission soon made it clear that the inquiry would look at ASIC's broad performance. Williams stressed the need ...
ASIC admits wrongdoing in Senate hearing
LAURA MILLAN  |  FRIDAY, 11 APR 2014
... Kell admitted that "it took us too long to move to the next step" when it became apparent that Commonwealth Financial Planning (CFP)'s management was not responding to the regulator's request to tackle the problems. "We should have acted earlier," senior ...
ASIC dictates seven-year ban for rogue CBA adviser
LAURA MILLAN  |  MONDAY, 7 APR 2014
The Australian Securities and Investments Commission (ASIC) has banned Commonwealth Financial Planning adviser Jade Zaicew for seven years. Zaicew's banning follows ASIC actions against former CBA advisers Don Nguyen, Ricky Gillespie, Simon Langton ...
We did a "pretty good job" in CBA planning case: ASIC
LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
... commissioner Greg Tanzer believes that the regulator "did a pretty good job" in dealing with the Commonwealth Financial Planning (CFP) case that prompted a Senate inquiry into the overall performance of the regulator. Speaking at the ASIC Forum in Sydney ...
Whistleblower claims the existence of 100 CBA rogue advisers
LAURA MILLAN  |  MONDAY, 24 MAR 2014
Former Commonwealth Financial Planning adviser and whistleblower Jeffrey Morris has "no doubt" that a proper investigation by the Australian Securities and Investments Commission (ASIC) would reveal at least 100 current or former rogue CBA advisers. ...
ASIC far too slow to act on misconduct: Senator
LAURA MILLAN  |  FRIDAY, 21 JUN 2013
... taken the regulator 16 months to act on information that suggested serious misconduct in the Commonwealth Financial planning unit. In its first statement after the approval of the Senate inquiry into ASIC, CBA said that it is willing to participate in ...
Planner numbers drop on FoFA changes
ALICE URIBE  |  FRIDAY, 17 MAY 2013
... group with 1,691 planners, followed by Millennium 3 Financial services with 838 advisers and Commonwealth Financial Planning with 795 planners. The Financial Planning Association (FPA) general manager of policy and standards Dante De Gori said that increased ...
Commonwealth Financial Planning restructures adviser remuneration
LAURA MILLAN  |  THURSDAY, 18 APR 2013
Commonwealth Financial Planning has announced the restructure of its adviser remuneration packages. As part of the changes it has removed trail commissions for advisers on managed investments and platforms. Insurance renewal revenue will be shared at ...
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