Submission to the ACCC draft decision regarding Aioi Nissay Dowa Insurance Company Australia Pty Ltd & Ors – Authorisation – A91556 & A91557

Financial Rights welcomes the draft decision to deny the Aioi Nissay Dowa Insurance Company Australia Pty Ltd & Ors – Authorisation request. Financial Rights agrees that a commission cap of 20 per cent will not redress the well-documented, long standing problems with these products and sales and distribution methods, and will not provide any significant public benefit.