ASIC's review and report examined life companies' training and supervision procedures for tied and multi-agents, and the conduct of those advisers selling total and permanent disability, trauma and income protection insurance. Norwich Union Life agrees in principle with the findings and recommendations of the report. Managing Director Allan Griffiths believes the issues raised should be of significant concern to the entire disability insurance industry. Any findings of the report which cast doubt on the professionalism of our industry as a whole is of great concern to Norwich Union Life. Griffiths said that many of the findings in the report highlight poor practice standards of a few industry providers and advisers, but that the life industry should carefully consider every issue identified to ensure their procedures meet ASIC's expectations and help clarify a complex range of products for consumers.
Disability insurance is an important part of our business.
We will work hard to ensure the disability insurance industry operates at the highest standards, and is placed above criticism. If you do not have this software you can download Adobe Acrobat free by clicking on the lefthand icon. Although Norwich has taken all reasonable care in producing this information, we cannot promise that it will provide you with complete answers to all your investment questions. We prepare general information for a wide audience so you may find that it is not always appropriate or relevant to you. Therefore you must not rely on it when making investment decisions.