RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.69% (6.52%*) • Investment PI: 5.49% (5.98%*)

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6.12 – IAG’s Head of Business Distribution testifies at the Banking Royal Commission

Views 12 Likes 0 Dislikes 0 Published January 1, 2021, 7:51 am

Benjamin Bessell, executive general manager of business distribution at Insurance Australia Group (IAG), is being questioned over add-on car insurance sold by IAG's subsidiary Swann Insurance — agreeing that many of these products are of questionable or little value to the consumer — and how IAG was monitoring whether or not its authorised representatives were complying with financial services laws.

Recorded on 18 and 19 September 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

6.12 – IAG’s Head of Business Distribution testifies at the Banking Royal Commission

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Martin Khoury

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