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COMMONWEALTH BANK
Funds management
IML Investors has said it is reluctant to add exposure to the big four banks as it believes the risk/return in the sector is unappealing....
Funds management
The bank aims to provide $3.5 billion of new lending to climate change solutions over the next three years. ...
People & Products
A Commonwealth Bank executive and one of the first Chartered Banker graduates in Australia has been appointed to the position....
Financial planning
The likelihood that businesses won’t restart and customers won’t be able to start paying down their mortgages have been factors in ratings house Fitch downgrading Westpac...
Funds management
There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...
Policy & Regulation
The Commonwealth Bank is facing more court action – this time the possibility of a $5 million penalty resulting from a Royal Commission referral relating to its so-called...
Features
Mike Taylor writes that the transition of Count Financial advice practices to a user-pays model has starkly revealed the degree to which the end to grandfathering has als...
Financial planning
Count Financial may have fewer advisers and fewer planning firms than in its halcyon days, but it has swelled the bottom line of CountPlus....
Funds management
As two major banks announced their financial results this week, it’s a tale of two diverging share prices for Commonwealth Bank and National Australia Bank....
Financial planning
In 2017 the bank had underpaid staff in pay and entitlements in relation to super due to ‘excessively complex individual employment arrangements’, according to the Financ...
Financial planning
The bank is moving clients previously regarded as retail investors into wholesale products in a bid to keep high net worth clients to suit its changed business model and ...
Financial planning
Rising authorised representative costs might make it more sensible for independent financial advisers with relatively low turnovers to consider becoming salaried planners...
Financial planning
The Commonwealth Bank has confirmed a round of redundancies is underway within Commonwealth Financial Planning....
Financial planning
The Commonwealth Bank intends staying in the advice market despite its recent close-down of aligned advice and the sale of Count Financial, according to its chief executi...
Financial planning
The Commonwealth Bank has provided a broadly positive first quarter trading update including the costs so far associated with advice remediation....
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MARKET INSIGHTS
Podcast
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...
increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...