commonwealth bank

Financial planning

Former CBA head aware of planning problems

Former CBA CEO Ralph Norris was aware of some of the problems relating to financial planning advice...

Financial planning

Former High Court judge to head CBA review process

Former High Court Judge, Ian Callinan, has been named to head CBA's independent compensation review process....

Editorial

A pox on everyone’s house

Andy Schmulow argues that the controvesy surrounding ASIC and its handling of the Commonwealth Bank have seriously damaged the financial planning industry and left few pe...

Financial planning

Planning - the most heavily scrutinised sector

The further Senate Commmittee process initiated by the Federal Opposition will simply be another in a long list starting in 2009....

Policy & Regulation

Opportunism driving Labor on FOFA - Cormann

Finance Minister, Mathias Cormann, claims the Opposition’s efforts to create a further Senate inquiry into the planning industry is political opportunism at work....

Policy & Regulation

Labor tipped to move for new Senate inquiry

Reports suggest the Labor Opposition will move to establish another Senate Committee inquiry into financial planning....

Financial planning

FPA condemned over CommFP response

The Financial Planning Association’s (FPA) response to the Commonwealth Bank financial planning fallout has elicited a scathing retort from the Association of Independent...

Policy & Regulation

National summit urged to resolve planning issues

The FPA has urged the calling of a national summit to resolve the issues raised in the 61 recommendations of the Senate Committee report....

Financial planning

CBA planners counter FPA criticisms

A number of CBA planners have declared their anger at comments made by the FPA chairman, Matthew Rowe....

Financial planning

ASIC reminds CBA on its breach obligations

ASIC has acknowledged the CBA’s new compensation and review processes by reminding the banking group of its ongoing breach reporting obligations....

Editorial

Lightning strikes twice

The financial planning industry suffered substantial collateral damage as a result of the collapse of Storm Financial but, as Mike Taylor reports, last week’s Senate Comm...

Financial planning

Commbank offers independent review panel process

Commbank repeats apology and outlines independent review process for impacted customers. ...

Policy & Regulation

FPA want to act as circuit breaker for CBA compensation

The Financial Planning Association (FPA) has volunteered to track down Commonwealth Bank planning clients affected by poor advice to line up compensation....

Financial planning

Cormann confirms telling Commbank to sort it out

The Minister for Finance and Acting Assistant Treasruer, Senator Mathias Cormann, has confirmed meeting with Commonwealth Bank chief, Ian Narev, and impressing on the ban...

Financial planning

Commbank promises detailed response

Commonwealth Bank chief executive, Ian Narev has promised a detailed response to last week’s scathing Senate Committee report as Financial Services Minsiter, Senator Math...