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Default life insurance reforms ineffective: Research

The Federal Government's proposal to ban default life insurance in superannuation for younger members and those with low balances would supress retirement savings and cost the economy $2.46 billion annually, latest research from AIA Australia shows.

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Read more: InsuranceDefaultSuperannuationAIA AustraliaResearchPCFederal GovernmentAustraliansBudgetProductivity CommissionDamien MuNew ZealandScott Morrison