Commonwealth

Funds management

Government acknowledges systemic climate risks in sovereign bonds case settlement

The government has acknowledged the Australian economy faces a “systemic risk” from climate change in a Treasury statement, culminating a three-year legal saga around the...

Financial planning

Dealer groups tout for displaced advisers

Dealer groups are looking to grow their footprints on the back of the influx of advisers expected from the changes at AMP, the Commonwealth Bank and elsewhere....

Life/Risk

CBA exits Indonesia insurance business

The Commonwealth Bank has exited virtually all of its insurance exposures with the sale of 80 per cent of its Indonesian life insurance business....

Policy & Regulation

Morrison expects full imposition of BEAR

The Federal Treasurer, Scott Morrison has warned the major banks against using board seats as a retirement sinecure, pointing to the Government’s willingness to fully exe...

Financial planning

O’Dwyer cites Commbank in whistleblowing crack-down

The Minister for Revenue and Financial Services has cited the Commonwealth Bank’s treatment of financial planning whistleblower, Jeff Morrison, in beefing up legislative ...