The bank this month wrote to members of its flagship superannuation fund Colonial First State, informing them they’ll be charged a “regulatory reform fee” in June 2018.
Read the full article at the Sydney Morning Herald.
CBA’s superannuation sting is ’out-and-out gouge’ says minister
The Commonwealth Bank plans to slug superannuation and pension fund members with a hefty fee to fund the cost of regulatory compliance, in a move described as an "out-and-out gouge" by Financial Services Minister Kelly O’Dwyer.
