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Showing 1 - 10 of 28 results for "CCI"

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... the bank sold the products under false and misleading pretenses, asserting its right to charge consumer credit insurance (CCI) premiums customers were not liable to pay. "The supply of the CCI and the debiting of amounts for premiums in those circumstances ...

ESG professionals in huge demand

ELIZABETH MCARTHUR  |  MONDAY, 25 JAN 2021
... increase to join a leading super fund." Kaizen works with Victoria Funds Management Corporation, REST Super, Generation Life, CCI Insurance, Equity Trustees, Prime Super, legalsuper, Zenith Investment Partners, Payton Capital, Cooper Investors, ACSI ...

VFMC appoints head of equities

KANIKA SOOD  |  FRIDAY, 22 MAY 2020
... fill the vacant spot on the team, VFMC has hired Shali Lingaretnam, who was most recently the chief investment officer of CCI Asset Management. Lingaretnam will join as a senior portfolio manager (external mandates) on May 25 and report to Stavropoulos. ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... the design and sale of consumer credit insurance consistently failed customers. "As a result of the widespread failings in CCI we identified last year, ASIC has investigations underway and has secured a significant program of remediation for consumers," ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
... while the remaining is for retail (including its Smarter Money Investments brand) and smaller institutions. "Partnering with CCI is totally consistent with Pinnacle's strategy - we regard Chris and his team as highest quality in their field who have ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... Insurance and Consumer Credit Insurance) Instrument 2019/839 - to prohibit unsolicited phone sales of direct life insurance and CCI products, unless the offerer has provided the person with personal advice. The corporate regulator said the ban complemented ...

High claims acceptance among insurers: Report

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
... ratios have a relatively large sample: Individual Non-Advised Funeral (12,299 finalised claims) and Individual Non-Advised CCI (8336 claims)," the report said. "In general, Individual products will have higher acquisition costs associated with the policy ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
... percent of participants, who voted in a spot poll conducted last week, said life insurance and consumer credit insurance (CCI) sold via call centre staff should be outlawed. The financial services Royal Commission recommended that the unsolicited sales ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and are of a "very low value", revealing consumers who purchase ...

Coolabah buys retail fund manager stake

KANIKA SOOD  |  THURSDAY, 11 JUL 2019
... management to focus on the mortgage market, it made sense that we exited from this business in a controlled and profitable manner." CCI director and co-founder Darren Harvey said: "The SMI Joint venture has been a tremendous success and Coolabah and ...
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