Life insurers brace for ASIC report

By Sally Rose
Updated October 7 2014 - 11:08am, first published 11:04am
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies
Commissions paid on life insurance policies could be heading for a fall. Photo: James Davies

Australia's biggest life insurers are bracing ahead of the release of a report from the corporate watchdog, slated for release this week. It is expected to be damning of the exorbitant commission fees the industry offers financial planners to sign customers up to their policies.

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