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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
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Depression, Recovery, and the Risk of Time
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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