The Life Insurance Advice Working Group (LIAWG) released the Review of Retail Life Insurance Final Report (known as the Trowbridge Report) on 26 March 2015.
LIAWG was established by the Association of Financial Advisers (the AFA) and the Financial Services Council (the FSC), and was independently chaired by John Trowbridge. The Report was prompted by ASIC’s Report 413: Review of retail life insurance advice, released in October 2014.
The Report recommends the life insurance and financial advice sectors adopt reforms across 3 broad areas.
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