Insurance Review

Report slams life insurance conflicts of interest

Monday 23rd of November 2015

The Melville Jessup Weaver report, Review of Retail Life Insurance, has been released this morning by the Financial Services Council.

The report says life insurance in New Zealand is 10% to 15% more expensive than it should be because of advisers’ commissions. It claims conflicts of interest cause poor outcomes for consumers.

It says up to 50% of advisers’ policies are re...

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