Insurance
Longer clawback period 'would be welcome'
Thursday 20th of March 2014
The Australian Financial Services Council last month confirmed it would not proceed with its controversial new framework, which was designed to discourage churn.
It proposed a three-year responsibility period on all new life insurance policies and was widely opposed by financial advisers.
The clawback was to have been 100% if a policy was cancelled in the first year, 75% in the se...
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