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Banking royal commission: ClearView targeted poor people with low quality products

James Frost
James FrostFinancial services writer
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ClearView deliberately targeted customers from lower socio-economic backgrounds with more expensive policies that included less cover than those it would sell more affluent customers, the Hayne royal commission has heard.

Counsel assisting Rowena Orr QC returned to Melbourne's Commonwealth Courts building on Monday to lead the questioning of life insurers starting with ClearView and an interrogation of its chief risk officer Gregory Martin.

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/banking-royal-commission-clearview-targeted-poor-people-with-low-quality-products-20180909-h1550m