News

Govt slow to close adviser loophole

Wednesday 4th of April 2012

The issue was highlighted by the case of Bay of Plenty couple Tone and Dennis Munro, who work as insurance agents for American Income Life Insurance, which markets life products for low-income customers.

Last year the Munros registered as financial service providers, only months after being convicted in Australia and fined A$100,000 for lying to investors about rental properties.

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