Insurance Review

Industry can't fix itself: MJW

Thursday 3rd of March 2016

The actuarial firm completed a report in November for the Financial Services Council (FSC), which was heavily critical of insurance advisers’ commissions.

It said they were driving poor outcomes for consumers, encouraging churn and boosting premiums.

In the fallout from the report, a number of the FSC’s insurer members quit the organisation. It has since lost its chief executive.<...

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