21 September 2017 14:51
The Commonwealth Bank has sold its beleaguered life insurance business CommInsure to AIA and announced a series of other sweeping changes, including a strategic review of Colonial First State Global Asset Management (CFSGAM).
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AIA Australia, Life insurance, CBA, CFSGAM, comminsure
The government will have specific member service standards for insurers as a part of its broader reform package for superannuation funds, though the regulatory response to Shield and First Guardian will take priority with changes due to be announced next month.
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