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ASIC consults on LIF powers

Financial advisers and the life insurance industry are being asked to consult the Australian Securities and Investments Commission (ASIC) over plans that would give the regulator power to set a maximum level of upfront and ongoing commission payments on life insurance products.

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Read more: ASICAustralian SecuritiesInvestments CommissionAssistant Treasurer Kelly O'DwyerAustraliansFridayLife Insurance Customer GroupLife Insurance Framework