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@monman12 wrote:"bottom line is do your own research......................." Spot on TH. However, research is something many are averse to, including here, and I do not consider C&P,s research
CBA chief executive Mr Narev sent a note to his 50,000-plus employees on Friday.
In his note Mr Narev maintained that “the actions that gave rise to these issues were those of a minority, five or more years ago . . . that said, we need always to be open to the views of our stakeholders”.
Five or more years ago???? the Circus was in town then, with the two rings, a knife throwing act, Caucus Clowns, and Poor Me and Rudd were too busy "performing" to oversee those not wise enough (or greedy) to organise their own finances. Myself I am a devout fan of CBA because:
That is just the share price, the dividends (FF) are very good also.
With respect, John, that's a bit like saying anyone can write a book - all you need is a dictionary and thesurus, or telling a tone deaf pesrson that anyone can become an opera singer. Not everyone has the intelectual or eductational background to be their own financial advisor and thery have to be able to trust that the professionals they PAY to advise them are going to act in their clients' best interests..
"bottom line is do your own research......................." Spot on TH. However, research is something many are averse to, including here, and I do not consider C&P,s research
CBA chief executive Mr Narev sent a note to his 50,000-plus employees on Friday.
In his note Mr Narev maintained that “the actions that gave rise to these issues were those of a minority, five or more years ago . . . that said, we need always to be open to the views of our stakeholders”.
Five or more years ago???? the Circus was in town then, with the two rings, a knife throwing act, Caucus Clowns, and Poor Me and Rudd were too busy "performing" to oversee those not wise enough (or greedy) to organise their own finances. Myself I am a devout fan of CBA because:
That is just the share price, the dividends (FF) are very good also.
to boris who said:
couldn't even be bothered to show up, what a disgrace - beyond the palest of paleness
CBA financial planning scandal: Senator David Bushby was missing at crucial hearing
The Liberal senator, whose dissenting report the federal government is relying on to hose down calls for a royal commission on Commonwealth Bank, did not turn up to a crucial hearing at which victims of the bank's financial planning scandal gave evidence.
Senator Bushby, regarded in Canberra as a friend of Finance Minister Mathias Cormann, also headed a smaller Senate inquiry that gave the thumbs-up to the government's roll-back of protection for consumers of financial advice.
The government introduced regulations on Monday watering down important aspects of the Future of Financial Advice (FOFA) laws, but Labor, the Greens and the Palmer United Party are set to disallow the regulations once the Senate sits again in a week.
''Senator Bushby didn't even bother to attend nor listen via phone hook-up to the compelling evidence given by the whistleblower Jeff Morris, and the CBA victims,'' she said.
She dismissed Senator Bushby's six-page report as ''irrelevant'' when put against the 547 pages making up the majority findings.
''Shame on Senator Cormann for embracing six pages from a 553-page report because he and the government are too frightened to have a royal commission into the CBA,'' she said.
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Glad Sen Bushby's '6' page report was deemed IRRELEVANT.
The heat is on regards this CBA scandal.
It is not going to go away IMO.
Financial planners put CBA on notice over scandal
"Almost half of our members sanctioned in the last five years have been a part of the CBA," says FPA chairman Matthew Rowe.
The country’s peak body representing financial planners has taken a stand on the Commonwealth Bank, saying it will support a royal commission into the bank unless the bank agrees to form an independent committee to oversee a “full and fair” compensation process to customers affected in the financial planning scandal.
http://www.smh.com.au/business/banking-and-finance/financial-planners-put-cba-on-notice-over-scandal...
Some are rushing to cover their proverbials IMO .....
LOL
