ClearView will issue $1.5 million in refunds to 16,000 customers and will no longer offer direct life insurance after ASIC’s enforcement action.
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This seems to have largely flown under the radar, but reinforces that no salesperson nor company can be trusted to always provide a fair deal.
They trusted Westpac. Westpac gouged them. They went for it. Was that really Westpac’s fault?
There has to be a case for financial literacy to be introduced into the standard high school curriculum, but guess who has their backs up at the idea?
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