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ASIC cracks down on life insurance advice

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Australian Broker | 10 Oct 2014, 05:07 AM Agree 0
As the mortgage broking industry increasingly looks to diversify, brokers should be cautious about an ASIC crackdown on life insurance advice
  • Phil in Finance | 10 Oct 2014, 09:49 AM Agree 0
    Not sure where the advice even comes from for the sales of online life policies and that of supermarkets?
    The watchpup whines about quality of advice but allows these sales channels to continue unabated in the insurance industry.
  • Ed Ridge | 10 Oct 2014, 04:50 PM Agree 0
    “This is an unacceptable level of failure, and the life insurance industry is now on notice to lift standards and professionalism. Both insurers and advice firms need to work on delivering a consistently better service for consumers,” he said.

    So it's unacceptable but allowed to continue. How does that work?
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