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Showing 1 - 10 of 15 results for "CFSIL"

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 ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... demonstrating the FirstChoice members' best interests were considered and prioritised. The additional conditions require CFSIL to record how it considers best interests and members' priority covenants when making decisions material to their interests. ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... arm of its wealth business Colonial First State in the Federal Court, 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 digitally ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... focuses on template letters sent to members and 46 telephone calls made in accordance with scripts. ASIC also alleges that CFSIL failed to provide a "general advice warning" during the telephone calls.
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