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The 2019 federal election campaign is in full swing and the IBAC is providing brokers with a kit containing suggestions on how to get involved in the campaign, as well as key messages for the candidates.
The main issues concern keeping banks and insurers separate and complying with consumer protection measures. The focus is on maintaining the prohibition on banks selling insurance products where credit facilities are available and where consumers might be subject to undue pressure. Brokers are also asked to advocate for the establishment of a process for handling consumer complaints with a view to ensuring that these measures are applied correctly.
