News Life and Health12 Sep 2018

Australia:Financial services inquiry learns more about insurers' sales tactics

12 Sep 2018

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, which started hearings this week into misconduct by life insurers, has learnt that insurers, through direct sales, sold worthless policies using illegal methods to people who don't understand them and have no hope of making a claim on them anyway, reports the Australian Financial Review.

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