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Australian advice "failure" raises fears
Friday 10th of October 2014
ASIC has released a report into the risk and life insurance sectors, which said there was an “unacceptable level of failure”. More than a third of advice was being given without complying with laws relating to appropriate advice and putting clients’ needs first, ASIC said.
It found high upfront commissions seemed to correlate with non-compliant advice, particularly in situations where ad...
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