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Search ResultsShowing 81 - 90 of 100+ results for "CFS"
APRA to reopen old wounds for CBA, IOOF
KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... there were legitimate governance issues that needed to be addressed, APRA said. APRA added it first raised the possibility CFS had breached section 29WA of the SIS Act by not transitioning members properly to either a choice investment option or MySuper ...
Retail super funds in hot water: Royal Commission
KARREN VERGARA  |  MONDAY, 27 AUG 2018
... interests of the affected members over the interests of advisers contrary to the SIS Act; Engaged in misconduct in selling CFS products in bank branches in circumstances where it was known from September 2013 that staff were not complying with general ...
Intra-fund advice conflicted: Royal Commission
KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... them from moving to a cheaper default option. One financial adviser was banned in the process, the Royal Commission heard. CFS general manager of distribution Peter Chun followed colleague Linda Elkins' testimony yesterday. Senior counsel assisting ...
ANZ grilled over Smart Choice sales
JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... previous marketing collateral for the product wrongly labelled it as a MySuper option. Yesterday, the royal commission heard CFS executive general manager Linda Elkins blame the limitation of CBA's systems and lack of operational capacity for failing ...
Poor systems delay MySuper transitions: CFS
KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager Linda Elkins blamed the limitation of CBA's systems and lack of operational capacity for failing ...
CFS and a messy MySuper transition
KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members into MySuper products during the 2014 switch - a breach it reported to APRA. Over ...
CBA readies wealth demerger, records $9.2bn cash profit
DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... million cash profit in FY18 (up 5%), it was a collection of mixed results for businesses which include Colonial First State, CFS Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and Aussie Home Loans. CFSGAM recorded net outflows of ...
HUB24 introduces low-cost product
KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... HUB24 as one of the top five administration platforms in terms of investment functionality. The list included Netwealth, CFS FirstChoice, CFS FirstWrap and Macquarie Wrap out of a possible list of 17 providers. AdviserNETgain and Lonsec took out the ...
Advisers name top platform provider
KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... advisers surveyed in the Financial Advice Landscape Report said Netwealth delivered the best investment functionality. HUB24, CFS FirstChoice, CFS FirstWrap and Macquarie Wrap rounded the top five out of a possible list of 17 providers. AdviserNETgain ...
HSBC quietly exits financial advice
KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... thick of disposing financial planning units. Commonwealth Bank is the latest to demerge from wealth management . Under the CFS Group - Colonial First State, Colonial First State Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and ...
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