News

Term life commissions undisclosed

Friday 14th of December 2007
The rules state that advisers will not have to disclose commissions to clients when selling term life policies, as long as they are not discussing other financial products with those clients.

ISI chief executive Vance Arkinstall says the association has checked with officials and the regulation is not a drafting error.

"We had the expectation that disclosure of term life insurance commissi...

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