Business

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Nick Bishop couldn't claim on his policy

CommInsure report an indictment on the whole industry

It's the dirty secret CommInsure and the rest of the life insurance industry has been protecting for years: the ability to sell dud policies that contain outdated medical definitions that no one will pay out on. They can do this – and they do – because it doesn't breach the law.

This clearly isn't a few bad apples but an orchard.

A few bad apples? It's a dodgy adviser orchard

A report into the financial planning arms of the big four banks and AMP found 185 planners were "dishonest, illegal, deceptive and/or fraudulent" in their dealings with customers.