Insurance

Website encourages churn

Monday 17th of November 2014

Australasian Wealth Investments (AWI), which is headed by Andrew Barnes, has established a website, YourShare.com.au, that promises to give Australian consumers their share of $3 billion paid in commissions to advisers every year.

Barnes most recently came to prominence in New Zealand after buying Perpetual Trust for $12.3 million from George Kerr’s company Pyne Gould. Before that he est...

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