TITLE

Australia: Plan to ban life insurance commissions from super funds

PUB. DATE
June 2011
SOURCE
Asia Insurance Review;Jun2011, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the federal government of Australia plans to ban commissions on life insurance sold in super funds, as part of its Future of Financial Advice (FOFA) reforms. The ban was announced by the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten who added that the ban was in the best interest of consumers, citing the high frequency of poor advice in the superannuation sector.
ACCESSION #
67503457

 

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