Australia: Redefining advice
Insurers and brokers down under are at odds over how best to redefine regulatory advice definitions in the wake of a major report that says the industry needs to do more to help consumers get the right level of home cover.
The Financial System Inquiry, published in December, looked at the industry as a whole and made 44 recommendations to "promote efficiency, resilience and fairness".
‘General advice' definition
One of
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