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Change insurance commissions to fight churning: FSI

The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices.

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Read more: InsuranceFSIFinancial System InquiryGovernmentAFAAssociationChange insurance commissionsDavid MurrayFinancial AdvisersFinancial Services CouncilFSC