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commonwealth bank
People and Products
Commonwealth Bank will partially transfer its salaried advice business, Commonwealth Financial Planning, to AIA Australia’s new advice subsidiary....
Superannuation
The Australian Securities and Investments Commission has been placed on notice by a Parliamentary Committee over directing penalty monies to the funding of ‘activist grou...
Superannuation
It is only early days, but already the numbers of superannuation fund members who have lost insurance cover as a result of the Government’s Protecting Your Superannuation...
Funds management
The latest data from Dexx&r reveals most of the major fund managers experienced significant outflows last year....
Financial advice
The Commonwealth Bank has put its wealth demerger on hold to allow it time to complete its client remediation processes....
People and Products
Doug Carmichael has announced his retirement as chief executive of Commonwealth Bank’s Group Super offering, effective from the end of this June....
SMSF
Self-managed superannuation funds have focused on offshore investments for diversification so far in 2018, increasing investments in international shares and ETFs....
Financial advice
While CBA is looking to pay at least $32.3 million in customer and employee review and remediation actions, it does not include all regulatory matters the bank is reviewi...
Superannuation
The Commonwealth Bank has undertaken to update both the Senate and the FSU on the outcome of its internal review of the underpayment of SG contributions to some part-time...
Superannuation
Commbank’s not-for-profit staff fund outperformed by 2.8 per cent per year on one of the largest retail super funds it recommended to customers, according to ISA....
SMSF
Divorced female SMSF trustees need more assistance when managing their investments as a result of low confidence, a report has found....
Insurance
Former CommInsure managing director, Peter Beck, has won a 10-year legal battle with the Commonwealth Bank over his multi-million dollar defined benefit pension entitleme...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...