Who bought Colonial funds?
Colonial First State
| Type | Subsidiary |
|---|---|
| Key people | Rob Coombe (Executive Chairman) |
| Products | Investment, Superannuation and Retirement |
| AUM | AU$144 billion |
| Parent | Commonwealth Bank |
Is Colonial a good super fund?
In recent years Colonial First State FirstChoice has won the following awards: 2021: Best Fund: Longevity Product (Chant West) 2021: Best Value Income Protection Insurance in Super (Money magazine) 2021: Highest Super Performer (Money magazine)
Does CBA still own CFS?
CBA announced last May it had reached a deal to sell 55 per cent of its super fund, Colonial First State (CFS), to KKR for $1.7 billion, which would give the private equity firm controlling ownership of the fund.
Is Colonial mutual AIA?
On 1 April 2021 the transfer of CommInsure’s life insurance business in Australia to AIA Australia (AIAA), including The Colonial Mutual Life Assurance Society Ltd (CMLA), took effect.
Is Colonial mutual CommInsure?
Colonial Mutual Life Assurance Society Limited is known as CommInsure. It provides a large range of life insurance products to its customers by offering affordable and flexible premiums.
What did Colonial Mutual do for a living?
Colonial’s core businesses were life and general insurance, retirement savings, banking and funds management. The company operated in the United Kingdom, New Zealand and the Fiji Islands for more than a century. It was a mutual society for most of its history, and demutualised in 1997.
Where was Colonial Mutual Life Assurance Society Limited?
The Colonial Mutual Life Assurance Society Limited, later Colonial Limited, and commonly known as Colonial Mutual, Colonial Mutual Life, and/or CML, was a diverse international financial services company headquartered in Melbourne, Australia. Colonial’s core businesses were life and general insurance,…
When did Colonial Mutual go public in Australia?
In 1997 Colonial’s stockbroking arm was established. Colonial listed on the Australian and New Zealand stock exchanges in 1997, ending 124 years as a mutual company and beginning a new era as a publicly owned company. Colonial carved out a unique position for itself in the financial services sector.
Who was the first president of Colonial Mutual?
Colonial was founded in Melbourne in 1873. The first President of the Society was Sir Redmond Barry. The first Chief Manager was Thomas Jacques Martin . In the 1980s, Jacques Martin was established to provide administration and consulting services to rapidly expanding corporate and industry-based retirement funds.