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COMMONWEALTH BANK
Funds management
Fund manager GSFM has appointed a key account manager for Queensland, following the appointment of a head of retail distribution last month....
Financial planning
LGT Crestone chief executive Michael Chisholm believes the firm was chosen to acquire Commonwealth Bank’s personal advice arm due to its strong private market capability....
People & Products
Centrepoint Alliance has appointed a former senior Colonial First State executive as an independent non-executive director on its board....
Financial planning
Earmarking some $520 million in an indemnity deed to former subsidiary Count Financial, CBA’s full-year results reveal a trial date has been fixed for March 2024. ...
Financial planning
With the cost of living hitting people’s budgets, Commonwealth Bank has shared consumers’ top financial goals for 2023....
Financial planning
The Commonwealth Bank has completed its sale of its 55% interest in Colonial First State to private equity firm KKR....
Policy & Regulation
None of the outcomes resulted in criminal proceedings, and there is a similar percentage of ongoing cases by the corporate regulator....
People & Products
Colonial First State has hired Anthony Lane from MLC as its group chief risk officer as it continues its senior leadership appointments spree....
Policy & Regulation
As part of its penalty for overcharging interest on business overdraft accounts, which it has been forced to pay $7 million, it will also be required to publish misconduc...
Financial planning
Fee for no service and inappropriate advice issues are continuing to dog the Commonwealth Bank even though it has substantially exited financial planning....
Policy & Regulation
The corporate regulator is suing the Commonwealth Bank for misleading conduct over its monthly access fees, which saw $55 million incorrectly charged to customers....
Policy & Regulation
The big four bank has disputed claims from the Finance Sector Union that it is asking members to vote for “wage theft”....
Financial planning
Countplus has declared to the market that it has been sufficiently indemnified by the Commonwealth Bank against the growing remediation costs of Count Financial....
Financial planning
As an acknowledgement of the “substantial progress” the bank has made on its remedial action plan to improve its risk management capability, the Australian Prudential Reg...
Features
There is no lack of competition between licensees to attract good financial planning businesses, but Mike Taylor writes, the days of the deep pockets of the big banks are...
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....