Senate Scrutiny of Financial Advice to Include Life Insurance

In March 2016, the Senate referred the following additional matters to the Economics References Committee as part of its inquiry into the implications of financial advice reforms

  • the need for further reform and improved oversight of the life insurance industry
  • whether entities are engaging in unethical practices to avoid meeting claims
  • whether a life insurance industry code of practice is required
  • the role of ASIC in reform and oversight of the industry; and
  • any related matters

submissions for this inquiry close on 15 April 2016.

 

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