Search ResultsShowing 1 - 10 of 100+ results for "CFS"
Grandfathering phase out tussle continues
ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... grandfathered remuneration, much to the ire of the Association of Independently Owned Financial Professionals (AIOFP). A CFS spokesperson confirmed to Financial Standard the business is planning to phase out grandfathered remuneration throughout 2020 ...
Colonial First State appoints distribution lead
KANIKA SOOD  |  THURSDAY, 14 NOV 2019
Colonial First State has appointed a new general manager for its distribution functions, while renaming it to CFS Advice Relationships. Bryce Quirk was announced as the general manager of CFS Advice Relationships this morning to staff and advisers. ...
Colonial First State launches new fund
KANIKA SOOD  |  FRIDAY, 25 OCT 2019
... composite was 5.7% p.a. over the benchmark (MSCI All Country World Index benchmark) from December, 2015 inception to June end. CFS and Gifford have a partnership spanning more than a decade, starting when CFS appointed it the Scottish manager to its ...
Colonial First State hit with second class action in less than a week
ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... commissions paid to financial advisers. The class action is on behalf over 500,000 Australians and is the second against CFS, a subsidiary of Commonwealth Bank to be filed in less than a week. The action alleges that since 2013 CFS failed to act in the ...
ASIC drags former adviser to court
HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... for his own benefit. Graeme Walter Miller appeared through his lawyer in Lismore Local Court on Wednesday, as the former CFS Private Wealth director faced 12 charges of engaging in dishonest conduct in the course of carrying on a financial services business ...
Retail fund faces class action on MySuper
ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused losses to over 100,000 members. The class ...
New executive role at Colonial First State
KANIKA SOOD  |  FRIDAY, 11 OCT 2019
... confirmed an interim replacement for Peter Chun who joined an industry fund earlier this week. Todd Stevenson has been appointed CFS's chief member outcomes officer, after nine years with the company. He was most recently CFS's general manager ...
CFS awards Asian equities mandate
KRISTI CHENG  |  FRIDAY, 20 SEP 2019
... to a global asset manager for its Asian equities strategy. Robeco has won the mandate for an undisclosed amount to manage CFS's high-conviction, unconstrained, Asian equities mandate that looks to integrate sustainability in its investment process. ...
First Sentier hires Nikko executive
KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... Sentier this Monday. The new name breaks the $223 billion asset management business's two-decade long association with the CFS name. But it keeps the initials of the CFSGAM's old name for its international business which was called First State Investments. ...
CFS slashes trail commissions on some funds
KANIKA SOOD  |  THURSDAY, 29 AUG 2019
... options which started in 2001. This will result in 400 advisers losing an average of less than $350 each year in revenue, a CFS spokesperson said. The move will lower management costs for the investors in these funds by about the same amount. "[The changes ...
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