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How typical of the FSC members.
Let's get rid of the old legacy products that offer better insurance benefits than the new inferior products.
If the Parliamentary Committee, was fair dinkum, they'd be asking those members of the
FSC , what benefits would be lost by consumers who have retained those legacy products for a very good reason.
Now there's an active bit of "churning" by the life companies, and neither ASIC nor the government even blink !!!!