Financial Services Council (FSC) says it broadly supports APRA’s proposed changes to the insurance in super framework, including changes responding to the financial services royal commission’s recommendations.
Tag: FSC
Choice’s TPD junk policy claim based on old data, ignores code of practice improvements: FSC
Financial Services Council (FSC) has refuted consumer advocate Choice’s and its partner advocate Super Consumers Australia’s (SCA) super figures and their claim total and permanent disability (TPD) policies in super are nothing but junk, saying Choice’s figures are based on out-of-date 2016-17 data that ignore “significant” improvements after the Life Insurance Code of Practice came into force.
