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Showing 71 - 80 of 355 results for %22CBA Super%22

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
... self-assessment. APRA said the extra capital requirement - the first applied to an institution outside the big four banks since the CBA prudential inquiry - would remain in place until its remediation work was complete and identified gaps were closed ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... the bank's operational risk management framework "worked better on paper than in practice". Following the inquiry, APRA hit CBA with an additional $1 billion capital requirement, and asked 36 banks, insurers and superannuation licensees to undertake ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... implementing regulatory and compliance initiatives, including recommendations from the financial services Royal Commission, CBA announced to the ASX this morning. Its cumulative spend and provision on rectifying errors further breaks down to: aligned ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
A $12 billion corporate super fund has achieved lower investment and transaction fees for its members for the 2019 financial year. Commonwealth Bank Group Super's investment-related fee and cost estimates, which generally change each year, were ...

New chief at CBA Group Super

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
... appointment of its new chief executive. Scott Durbin will step into the chief executive role on August 6. A spokesperson from CBA told Financial Standard the appointment follows an extensive search externally and within the group. Durbin will join CBA ...

CFS taps senior Qantas Super executive

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... risk roles at BT Financial Group, including as the chief legal counsel. He will commence in the new role at CFS this week. CBA has previously announced intentions to demerge its wealth management and mortgage broking businesses by end of this year, subject ...

TelstraSuper names chief risk officer

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... TelstraSuper, Taylor was head of wrap operations at Colonial First State for nearly two years. She also held senior roles at CBA as executive manager of risk and compliance, and advice review. Her superannuation and wealth management experience includes ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its findings on CBA, worried they too may not be managing non-financial risks appropriately. In its Self-assessments of governance, accountability ...

Super funds to dominate ASX: Research

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... SMSFs, this figure jumps to one third. The top 10 most popular companies among super funds are: CSL, NAB, Westpac, ANZ, BHP, CBA, Westfarmers, Macquarie Group, Woolworths and Telstra. Executive director of research Alex Dunnin said as super funds become ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... June. The cuts would save members $68 million in annual fees for 500,000 members and shave $45 million off its FY20 NPAT, CBA said in company filings then. FirstChoice Employer Super is also making changes to cut fees for members of the option by 65%. ...