Risk Company Update

AIA Australia launching new financial advice offering

Later in 2021, AIA Australia is launching AIA Financial Wellbeing, a new financial advice business to support customers looking for financial advice on life insurance, superannuation and simple advice needs. The business will be run by AIA Financial Services Limited in partnership with Commonwealth Bank (CBA) on advice referrals, which is part of CBA’s partial transfer of its financial planning arm to AIA.

Pina Sciarrone, a long-time AIA Australia executive, will be the chief executive and managing director of AIA Financial Wellbeing.