COMMINSURE

Life/Risk

In the latest step of the acquisition, AIA Australia will notify CommInsure policyholders of their transfer to the life insurer which is subject to the Federal Court of A...

image
Financial planning

The Commonwealth Bank has been hit with another class action – this time involving CommInsure products recommended by Commonwealth Financial Planning and Financial Wisdom...

image
Financial planning

After stepping aside from running the day-to-day business of Synchron, director Don Trapnell has clarified his role and the future transition plan for the company....

image
Life/Risk

No new CommInsure Protection products business will be written after 31 March, as part of the streamlining process being undertaken by AIA Australia....

image
People & Products

Martyn Gilling has been appointed by Pacific Life Re Australia as head of client solutions....

image
People & Products

The man who has been the face of risk-focused Synchron, Don Trapnell, says he is stepping back from the day to day running of the business....

image
Life/Risk

Lowers sales through advice channels have helped contribute to life/risk new sales reaching a five year low, according to new data released by Dexx&r....

image
Financial planning

Colonial Mutual Life Assurance Society, trading as CommInsure, has been convicted of 87 counts of life insurance hawking after pleading guilty last week....

image
Life/Risk

CommInsure will refund $12 million for unfair life insurance telephone sales to around 30,000 customers....

image
Life/Risk

AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement....

image
Life/Risk

CommInsure has been charged by the Australian Securities and Investments Commission for offering to sell life insurance products via non-compliant unsolicited phone calls...

image
Life/Risk

The Australian life insurance sector has never been more dominated by the big five life insurers but sales are decreasing, according to the latest data from Dexx&r....

image
Life/Risk

The Commonwealth Bank has reset key elements of the transaction around the sale of CommInsure to AIA Australia, including a $150 million reduction in the sale price....

image
Financial planning

New sales of individual life risk have reached their lowest value over the last five years, falling 11 per cent from $1.3 billion to $1.1 billion over the 12 months to Ma...

image
Life/Risk

The Royal Commission has heard that CommInsure ran misleading and deceptive ads, with Commissioner Kenneth Hayne QC suggesting its reprimand by ASIC for doing so was ligh...

image
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago