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Showing 81 - 90 of 154 results for "Financial Wisdom"

Greens slam CBA executives pay rise

LAURA MILLAN | TUESDAY, 19 AUG 2014

... (ASIC) prompted by cases of poor advice at CBA. The inquiry concluded that poor advice was widespread within CBA's Financial Wisdom and Commonwealth Financial Planning. It unveiled cases of document forgery and a large number of deficiencies in CBA's ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN | FRIDAY, 15 AUG 2014

... process that mirrors that of Commonwealth Bank's financial planning divisions, Commonwealth Financial Planning and Financial Wisdom. At the time of publishing, Macquarie had not responded to Financial Standard 's requests for comment. Speaking to the ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN | THURSDAY, 14 AUG 2014

... imposed by the Australian Securities and Investments Commission (ASIC) on CBA's Commonwealth Financial Planning and Financial Wisdom businesses. "The financial impact of the Open Advice Review program and new licensee conditions are a contributor as ...

CBA appoints international experts to oversee advice program

LAURA MILLAN | MONDAY, 11 AUG 2014

... inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. The bank has so far set up a dedicated team, a website and a phone number to attend customer's demand for a review of their ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN | FRIDAY, 8 AUG 2014

... to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) and Financial Wisdom (FW) will have to reopen the compensation process by contacting more than 4,000 clients with an assessment of the advice received ...

Consumer awareness of vertical integration plummets

LAURA MILLAN | TUESDAY, 5 AUG 2014

... institutions has significantly increased over the past year. In 2013, 51% of the clients using Commonwealth Bank-owned Financial Wisdom thought that the dealer group was independent, but that number increased to 55% in 2014, according to Roy Morgan research. ...

CBA unveils tougher adviser standards

LAURA MILLAN | MONDAY, 14 JUL 2014

... "we will want our advisers to be part of an industry association." Commonwealth Financial Planning (CFPL) and Financial Wisdom were accused of not being transparent enough in the way they gave financial advice to their customers and in how they dealt ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN | FRIDAY, 11 JUL 2014

... past years and of the way it dealt with consumer complaints. Customers of Commonwealth Financial Planning and Financial Wisdom who may have received poor financial advice between September 2003 and July 2012 will be able to request a review under the ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN | FRIDAY, 4 JUL 2014

... made redundant as a consequence of the scandals involving the bank's Commonwealth Financial Planning (CFPL) and Financial Wisdom. "We went through a process of making sure that the involvement of everybody was looked at, but we are not going to make ...

CBA opens up compensation review to all advice clients

LAURA MILLAN | THURSDAY, 3 JUL 2014

... Advice Review program will re-evaluate the advice given to clients of Commonwealth Financial Planning (CFPL) and Financial Wisdom. The bank has set up a dedicated team, a website and a phone number to attend customer's demand for a review process that ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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