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Showing 1 - 10 of 19 results for "Colonial Mutual Life Assurance Society"

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... November 2026. The second superannuation class action was filed in 2020 again CFSIL and the Colonial Mutual Life Assurance Society Limited (CMLA). The class action alleges that CFSIL did not act in the best interests of members when it took out group ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
... Shine Lawyers in January 2020 against Colonial First State Investments Limited (CFSIL) and Colonial Mutual Life Assurance Society (CMLA), known as CommInsure and acquired by AIA Australia in 2017. The action alleged that CFSIL, as the superannuation ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... The second superannuation class action was filed in January 2020 against CFSIL and the Colonial Mutual Life Assurance Society (CMLA) with AIA Australia joining as the third respondent in April 2021. The class action alleges that CFSIL did not act in ...

UniSuper names product head

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
... portfolio analyst at Colonial Mutual Investment Management and an actuarial assistant at Colonial Mutual Life Assurance Society Limited. "During my time at UniSuper, I've been fortunate to work alongside exceptional directors, chief executives, and ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... and breached its trustee duties when taking out group insurance policies obtained from Colonial Mutual Life Assurance Society Limited (CMLA). It is alleged that CFSIL entered and maintained insurance policies with CMLA on terms that were less favourable ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... Bank will pay $50 million though said it makes no admission of liability and neither does Colonial Mutual Life Assurance Society or AIA Australia. Another settlement was agreed with Westpac, the law firm said. The three settlements, which are all subject ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... of TPD will be broadened. After a 2020 open market tender, ESSSuper elected to reappoint Colonial Mutual Life Assurance Society, formerly known as CommInsure, as its group insurer until 30 June 2023. AIA's acquisition of CommInsure was approved by ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... products available via Colonial Super Retirement Fund and other products issued by the Colonial Mutual Life Assurance Society Limited (CMLA). In Australian fixed income, Macquarie's Australian Fixed Income Fund will replace the PIMCO Wholesale Australian ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...
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