Impacts of Claw-back Provisions for Licensee | imac legal & compliance

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Impacts of Claw-back Provisions for Licensees

Licensees stand to be significantly adversely impacted by the claw-back provisions within the new Life Insurance Framework, particularly when advisers opt to change dealer groups, according to specialist lawyer, Ian McDermott.

Commenting on Money Management reports about the degree of life/risk adviser concern about the claw-back provisions, McDermott said he believed licensees stood to be just as impacted as their authorised representatives.

Read the full article in Money Management

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