Comsec adds another feather to its bow
The Commonwealth has launched itself in to general insurance broking market with an insurance service for private motor vehicles.
The Commonwealth has launched itself in to general insurance broking market with an insurance service for private motor vehicles.
The new service will be operating out of the bank’s popular Internet share and managed funds broking arm Comsecand will allow users to compare and purchase car insurance on the web.
The Commonwealth’s head of Banking and Financial Services, John Mulcahy, says the site pro-vides quotes from four insurance companies: CGU, Allianz’s DirecDial Insurance, FAI and Royal and SunAlliance.
"We are providing people with better choice, value and time savings in an area that has tradition-ally been a difficult and time consuming purchase," Mulcahy says.
"(The service) is aimed at people who have good driving records with existing 50 per cent or higher no claim bonus from their current insurance company."
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
