FCA Submission to the Senate Standing Committees on Economics on the Inquiry into Matters Relating to Credit Card Interest Rates

Submission to: Quality of Advice Review
Joint consumer group submission (led by Choice) arguing that commissions in the sale of life insurance, general insurance and consumer credit insurance should be banned, as these create conflicts of interest that lead to poor quality advice. The proposal from the Quality of Advice review to instead improve disclosure does not address this fundamental problem.