Insurers still hopeful of expanded advice role post-QAR
The Council of Australian Life Insurers says the door has not yet been closed on what the government has dubbed “stream three” of the Quality of Advice Review recommendations, which would allow banks and insurers to offer advice to consumers without being subject to the professional standards required of financial planners. The comments come as the industry-wide Life Insurance Code of Conduct prepares to be handed from the FSC to CALI on Friday.
Risk
1