The Life Insurance and Advice Working Group (LIAWG) has received over 130 submissions from life insurance and advice industry stakeholders in response to the interim Trowbridge report.
In a statement released by the FSC/AFA-administered working group, the LIAWG said it had received submissions from a number of industry stakeholders advisers, life insurance companies and consumer advocates.
LIAWG independent chairman John Trowbridge said the engagement from the industry and community has been “very encouraging”.
“Many have offered views, opinions and suggestions but many have also provided valuable information and analysis, both qualitative and quantitative, on a range of aspects affecting those businesses and individuals,” Mr Trowbridge said.
The working group also said Mr Trowbridge will produce a final report from the submissions that will address the issues raised by ASIC in its review of retail life insurance advice.
“The ultimate aims are to ensure quality advice for consumers and improved insurance coverage across the community,” Mr Trowbridge said.
“These aims will guide assessment of the submissions and formulation of recommendations,” he said.
The final report will be handed down at the end of March 2015.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 20 Jun 2018FASEA names new chief executiveBy Reporter
- 20 Jun 2018Sexual harassment debate sparked in US advice industryBy Aleks Vickovich
- 20 Jun 2018Dealer group to appear before royal commission’s fourth roundBy Aleks Vickovich
- 20 Jun 2018BT turns off grandfathered commissions for salaried advisersBy Killian Plastow
- 20 Jun 2018Product providers back Dover advisersBy Aleks Vickovich
- 19 Jun 2018Consultant calls for ‘restricted’ product adviceBy Tim Stewart
- view all