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Insurance Business | 23 Nov 2015, 11:37 a.m. Agree 0
A report examining the personal risk insurance market and the role of advisers has been commissioned by the FSC but there has been considerable fallout.
  • Giles Thorman | 23 Nov 2015, 01:37 p.m. Agree 0
    Peter Nielson the CEO of the Financial Services Council said:

    “The conflicts of interest over remuneration can compromise the impartiality of both the advice and the insurance placement and that is the issue the industry has funded MJW to address.”

    Hmmmmmm! Firstly "the Industry" he refers to must mean the FSC; as I understand it as at today they now have two members, Fidelity and Cigna; how can that be claimed as "the Industry"??

    Secondly the question that the FSC seems to have asked MJW (actuarial Company) to answer seems to have prejudiced the outcome; hardly very impartial.

    When will this industry stop tearing itself apart with people seemingly hellbent on their 15 minutes of fame? I understand someone from MJW had their 15 minutes this morning on the TV.
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