CommInsure sale stalls, sold for discountBY KARREN VERGARA | FRIDAY, 23 AUG 2019 12:34PM
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks.Read more: CBA, CommInsure Life, Commonwealth Bank, AIA Group, BoCommLife Insurance Company, Carmel Mulhern, Scott Wharton, AIA Australia, APRA, China Banking, Colonial Mutual Life Assurance Society, Damien Mu, Insurance Regulatory Commission, Matt Comyn, MS&AD Insurance Group Holdings
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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