Insurance

Churn in Australian watchdog's sights

Friday 31st of May 2013

ASIC's senior executive leader of its financial advisers team, Joanna Bird, said the regulator had seen widespread instances of churn across the sector.

It first raised it as an issue of potential concern last year. That's despite Australian advisers generally earning less upfront commission than their Kiwi colleagues, and more trail.

“We intend to do a project on life insurance c...

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