Commonwealth Bank of Australia (CBA) has been informed by Colonial First State Investments Limited (CFSIL) that a civil penalty claim has been brought by the Australian Securities and Investments Commission (ASIC) against CFSIL, a wholly owned subsidiary of CBA.
The claim alleges certain contraventions of the ASIC Act and the Corporations Act.
CFSIL is currently reviewing ASIC’s claim and CFSIL will provide any update as required.
If CFSIL members have any concerns or questions about their super, we encourage them to contact the Colonial First State contact centre on 131336.
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