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Financial Rights Legal Centre In The Media
A little self-knowledge can go a long way

SMH Money – by John Collett Our financial decisions are coloured by emotions, biases and by the people with whom we associate – our peers. Some prefer to live in the moment and not think too much about the future. Some of us make decisions more on “gut feel” than solving problems rationally. It is well-established by psychological research that in [ More ]

Life insurance providers sweating on Trowbridge inquiry

THE AUSTRALIAN – by Andrew Main – Senior Business Reporter Australia’s Life Insurance industry providers will learn this morning what actuary and industry veteran John Trowbridge is recommending to overhaul the way life insurance is sold. Something had to happen because regulator ASIC last year handed down a scathing report on how life insurance is sold, finding that in many cases [ More ]

Aussie John contests data grab claims

Katherine Lane, the principal solicitor at the NSW Financial Legal Rights Centre warns consumers people to avoid the website by requesting their credit reports directly from credit reporting bureaus. She said that in privacy terms people using the site were paying a high price for a free report as they were likely to be bombarded with product offers. She also [ More ]

Life insurance report lacks imagination in failing to look beyond commission sales

Media Release The life insurance industry’s initial response to a damning report which revealed 37 per cent of all life insurance advice provided by Australia’s financial services licensees failed to comply with the law[1] appears unlikely to bring about sufficient change in how the industry does business. ASIC Report 413 suggested that the industry’s heavy reliance on upfront commissions[2] can [ More ]

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