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Showing 1 - 10 of 18 results for "CFSIL"

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... superannuation class actions before the courts. The first was filed in 2018 against Colonial First state Investments Limited (CFSIL) and CBA. The claim related to investment in cash and deposit options in the Colonial First State FirstChoice Superannuation ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... insurance fees. The class action was launched by Shine Lawyers in January 2020 against Colonial First State Investments Limited (CFSIL) and Colonial Mutual Life Assurance Society (CMLA), known as CommInsure and acquired by AIA Australia in 2017. The ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... superannuation class actions brought against it. The first is a class action filed against Colonial First State Investments (CFSIL) in October 2018. The claim initially related to investments in cash and deposit options in the Colonial First State First ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial First State Investments Limited (CFSIL) kept members from the CFS FirstChoice Fund and Commonwealth Essential Super invested in in-house products. It also affected ...

CFS appoints John Brogden

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
... John Brogden has taken on a new role with Colonial First State. Acting chair of Colonial First State Investments Limited (CFSIL) and Avanteos Investments Limited (AIL) Greg Cooper announced Brogden will join the boards of CFSIL and AIL as an independent ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... superannuation contributions into a MySuper product." CFS hasn't remediated the majority of the affected members yet. "CFSIL apologises unreservedly to members impacted by these issues. Remediation of the [70] calls is over 99% complete and is expected ...

Colonial First State adds to board

KANIKA SOOD  |  THURSDAY, 5 AUG 2021
... high-performance teams across a broad range of business in Australia, the United Kingdom, and the United States of America," CFSIL and Avanteos trustee boards' acting chair Greg Cooper said. "Her appointment also reflects our commitment to diversity ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... conflicted remuneration. ASIC first filed against CBA and CFS in June 2020 alleging Colonial First State Investments Limited (CFSIL) paid more than $22 million in conflicted remuneration to CBA to distribute Colonial's Essential Super product, both ...

First Sentier funds appoint new RE

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... responsible entity for the 13 funds. The change comes after shareholder vote and retires Colonial First State Investment Limited (CFSIL). The RE transition comes into effect on March 1. The funds that will undergo the change include products in the First ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Sentier Investors' middle-office functions were handled by CBA subsidiary Colonial First State Investments Limited (CFSIL), as it transitioned to a new ownership. The appointment comes after a competitive tender process, Northern Trust said in a ...
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