Law reform process asks: Are commissions bad?
Public consultation has begun as part of the review process.
A discussion paper has been released, which asks submitters what effect sales incentives such as commissions have on consumers.
It said feedback was requested on whether incentives in all sectors of insurance were causing poor outcomes for purchasers.
The paper points to examples of pressure-sales tactics seen in Australia and asks whether there is evidence of similar problems here. It also references mis-selling in the UK and Australia and asks whether insurers or advisers are selling unsuitable products in New Zealand.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
