A report on the the conduct and culture of the life insurance sector is due out this afternoon, from the Financial Markets Authority and Reserve Bank.
It is hoped the report will address sales tactics used within the industry.
Indications in November signal the report is set to be scathing of the industry - worse than last year's banking report was for banks.
Reserve Bank Governor, Adrian Orr, said the industry would be “foolish to be surprised” by this, and noted a problem with “agents working on behalf of agents”.
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