Monday, July 22, 2019

Compliance & regulation

FMA Report Shines Light on Cyber-Resilience in Financial Services Firms

The Financial Markets Authority has released a report covering its findings of a thematic review of cyber-resilience in New Zealand financial services. The purpose of...

AMP Life Sale Uncertainty

AMP Limited has revealed that the transaction for the sale of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to...

ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers

Australian regulator ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs...

Reserve Bank Embraces the Future

Reserve Bank Governor, Adrian Orr, spoke on the future outlook of the Bank to the Financial Services Institute of Australasia (FINSIA) in Auckland recently. “This is...

Poll Results – Adapting to Change

Our latest poll sought to gauge how you as advisers are tracking with the sweep of regulatory change taking place across financial services and...

Support Continues For Association’s Partnership Programme 

Financial Advice New Zealand has confirmed four more additions to its partnership programme which include Asteron Life, mySolutions, Generate and adviser firm MacKay Financial...

Dealer Groups Must Evolve Alongside Advisers – Newpark

Dealer groups must evolve as the new regime for financial advice comes into force, says Newpark Chief Executive, Melanie Purdey. She believes most dealer groups...

Life Insurers Report Back to FMA on Review Findings

Life insurers have submitted their responses to the Financial Markets Authority and Reserve Bank as their 30 June deadline is now over, following the...

Latest Poll – Taking Stock

With another consultation paper recently released to the industry in the form of the FMA’s two proposed standards for transitional licensing (see: FMA Consults...),...

Genetic Testing Moratorium For Life Insurance in Australia

In Australia, genetic tests are no longer a barrier for consumers seeking life insurance, following the implementation of the Financial Services Council’s Moratorium on...