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Life risk commissions must also go: Hayne

Commissioner Kenneth Hayne has recommended ASIC ultimately whittle down the commissions on life insurance products to zero unless there is a clear justification to keep them.

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Read more: ASICGovernmentRoyal CommissionAustralianCommissioner Kenneth HayneAIAAustraliansCommInsureFinancial System InquiryInsurersMLCOnePathRowena OrrTALTreasurer Josh FrydenbergWestpacZurich