CBA
People and Products
Australian Retirement Trust has completed its merger with the $12.3 billion Commonwealth Bank Group Super....
People and Products
CBA Group Super has provided an update on its planned merger with Australian Retirement Trust and the date members can expect to transfer over....
Superannuation
The regulator failed to overturn a Federal Court finding that the Commonwealth Bank of Australia and Colonial First State did not receive “conflicted remuneration” benefi...
Superannuation
AMP and Commonwealth Bank have shared updates on ongoing superannuation class actions as they release their financial results. ...
People and Products
Regulatory action against Colonial First State and Commonwealth Bank alleging breaches of conflicted remuneration laws have been dismissed by the Federal Court....
People and Products
Commonwealth Bank will partially transfer its salaried advice business, Commonwealth Financial Planning, to AIA Australia’s new advice subsidiary....
Superannuation
KKR, which acquired 55% of Colonial First State, is under allegations of misconduct but the Commonwealth Bank believes its due diligence was sufficient and that the trans...
People and Products
Jane Couchman will start in the role in May to oversee the fund’s risk and compliance division and work with regulators....
Insurance
The Commonwealth Bank has reset key elements of the transaction around the sale of CommInsure to AIA Australia, including a $150 million reduction in the sale price....
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...
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....
Superannuation
The Superannuation Consumers’ Centre has welcomed a $2.5 million funding burst stemming from regulatory action against two major banks, enabling it to be fully operationa...
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 ...