CBA flags divestment of insurance businesses



The Commonwealth Bank has flagged the sale of its life insurance business in Australia and New Zealand.
The company has used the release of its full-year results to the Australian Securities Exchange today to state that it was “in discussions with third parties in relation to their potential interest in our life insurance businesses in Australia and New Zealand.
The announcement said the outcome of the discussions was uncertain and while they might lead to the divestment of the business, the bank would also consider a full range of options.
Recommended for you
The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year.
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth sector.