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ASIC to investigate comparison sites

The Australian Securities and Investments Commission has put general insurance comparison sites next on its review agenda…

The Australian Securities and Investments Commission has put general insurance comparison sites next on its review agenda.

“We are considering a separate review of industry practices in the comparison site sector in the near future,” the regulator said in a consultative paper on life insurance research houses.

“This would include looking at whether there are issues of quality, disclosure and conflicts of interest in research and comparison services for non-investment products such as general insurance.”