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Showing 961 - 970 of 4381 results for "Commonwealth"

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... FUA per adviser has fallen from $40 million to $35 million in the last year. AMP Financial Planning, IOOF Group, Commonwealth Financial Planning, NAB and SMSF Advisers Network are the five largest advice licensees. IOOF is the fastest growing group among ...

Intiger makes global operations head redundant

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... cash reserves while we refocus our operations," Intiger said. Intiger was prompted to restructure its business after Commonwealth Financial Planning dumped their partnership, stating it was unable to negotiate an ongoing commercial agreement. It remains ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... ClearView has refunded over $1.5 million to 16,000 customers who were pressured to buy life insurance over the phone. Commonwealth Bank refunded over $10 million in August 2017 for misselling CCI. ASIC said the ban forms part of its broader priority ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant. The $4.2 billion sale to Mitsubishi UFJ Trust and Banking Corporation (MUTB) is expected completion is in August, CBA said ...

Trustee firm adds executive

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... Trustees in a number of roles. Prior to that he was a client relationship manager at NAB and held the same role at Commonwealth Bank before that. The appointment follows continued growth of the group as it meets market demand for boutique intermediary ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... energy and telecommunications sectors are proposed to follow next. Three of the four big banks (Westpac, ANZ and Commonwealth Bank) have voluntarily launched the first stage of Consumer Data Right on 1 July 2019. The next stage of Open Banking is due ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... 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 mostly lower in ...

Mercer unveils best-performing Aussie equity funds

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... has been some rotation into stocks that had previously lagged the market, as evidenced by the rally in shares of Commonwealth Bank and Telstra in the June quarter.

New chief at CBA Group Super

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
Commonwealth Bank Group Super announced the 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 ...

NAB names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2019
NAB named a former Commonwealth Bank executive as its new group chief executive and managing director. Ross McEwan will take over the top job no later than April 2020, the group announced today. McEwan has been chief executive of Royal Bank of Scotland ...