RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.39% (5.84%*) • Fixed: 5.39% (5.84%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.69% (6.19%*) • Investment PI: 5.55% (6.02%*)

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5.13 – The Head of Colonial First State testifies about Superannuation at the Banking Royal Commissi

Views 14 Likes 0 Dislikes 0 Published December 30, 2020, 10:38 am

Linda Elkins, executive general manager of Commonwealth Bank’s wealth management arm Colonial First State, returns to the Banking Royal Commission to be questioned over Colonial First State failing to move thousands of members from high-fee super funds into the low-fee MySuper regime by a government deadline as well as its superannuation trustee Avanteos Investments Limited (AIL) charging fees to the estates of dead people.

Recorded on 14 and 15 August 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

5.13 – The Head of Colonial First State testifies about Superannuation at the Banking Royal Commissi

Like this article?

Martin Khoury

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