CF1 complii fintech solutions ltd
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Like to have a conversation on peoples thoughts on the impact...

  1. Japon
    921 Posts.
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    20/02/19
    19:02
    Post #: 37505770

    Like to have a conversation on peoples thoughts on the impact of:ASIC's Enforceable Undertaking requiring CBA's financial planning business's to cease charging its 31,500 customers any ongoing service fees and not to enter into any new ongoing service arrangements.    https://asic.gov.au/about-asic/news-centre/find-a-media-release/2018-releases/18-102mr-asic-accepts-enforceable-undertaking-from-commonwealth-bank-subsidiaries-for-fees-for-no-service-conduct/disallowed/business/banking-and-finance/asic-orders-cba-financial-planning-unit-to-stop-taking-fees-20190204-p50vhp.htmlhttps://www.abc.net.au/news/2019-02-04/asic-orders-commonwealth-bank-to-stop-charging-financial-fees/10776870https://financialservices.royalcommission.gov.au/Pages/default.aspxYou would think this would put the acid on CFPL to take up iam for compliance alone reasons
    IAM Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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