Search ResultsShowing 1 - 10 of 10 results for "CCI"
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
... 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 its shareholders ...
CBA chief executive will stand down
EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... approximately $586,000 in premiums to about 10,000 customers after it over-insured these customers for Home Loan Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair Peter Kell said ...
Aussie banks cleared of Wells Fargo-type conduct
EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... had been opened. While systemic illegal misconduct was not identified, the audits highlighted consumer credit insurance (CCI) as a standout product for customer complaints and at heightened risk for sale without proper informed customer consent. The ...
Mark Dunsford attacks FSC over life reforms
JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... all life insurance services and policy types, including TPD, trauma, disability, funeral insurance, salary continuance and CCI. However, the code would not apply to whole-of-life and endowment insurance, general insurance, health insurance or annuities ...
EQT chair to stay on despite plans to depart
ALEX BURKE  |  MONDAY, 2 MAY 2016
... been a non-executive director since 2002. He is also chair of YBR's Board Risk Committee, Templeton Global Growth Fund and CCI Asset Management. Prior to this, he was AXA Asia Pacific group managing director and chief executive. This news follows the ...
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