Sept 6 (Reuters) - Freedom Insurance Group Ltd (FIG) : ASX...

Sept 6 (Reuters) - Freedom Insurance Group Ltd (FIG) :

• ASX ALERT-FREEDOM LAUNCHES STRATEGIC REVIEW-FIG.AX
• INITIATED A REVIEW OF STRATEGIC OPTIONS FOR COMPANY
• REVIEW'S COMMENCEMENT FOLLOWS CONSIDERATION OF REPORT RELEASED BY ASIC LAST WEEK
• BOARD NOTES SIGNIFICANT PROPORTION OF UPFRONT COMMISSION REVENUE IS FROM SALE OF FUNERAL INSURANCE BY CO'S DIRECT SALES TEAM
• NO TIMETABLE HAS BEEN SET FOR COMPLETION OF STRATEGIC REVIEW
• "CHANGES TO A NUMBER OF LEAD SOURCES WOULD BE REQUIRED TO CONTINUE TO MEET EXPECTATIONS OF REGULATOR"