Sunday, May 27, 2018

Compliance & regulation

FMA Asks Insurers to Prove Themselves

The FMA has released the letter it has sent to the chief executives of New Zealand’s licensed life insurers, asking them to prove themselves in...

Advisers Support Royal Commission

More than half the Kiwi adviser community thinks a Royal Commission should be convened to investigate NZ's banking and financial services sector. This is the...

FMA Raises Concern on Sales-Driven Soft Commissions

The FMA has raised concerns over soft-commissions linked to sales volumes. In its review into soft commissions offered by life and health insurers, the regulator...

“New Zealand’s Insurance Law is Outdated” Says Minister

Public consultation on New Zealand’s insurance contract law has begun, Commerce and Consumer Affairs Minister, Kris Faafoi, has announced. The Minister said a key consideration...

FMA Targets Soft Dollar Commissions

The Financial Markets Authority (FMA) has voiced its concern about the influence that soft commissions have on advisers’ behaviour, in a review into the...

Latest Poll – NZ Royal Commission?

As the fallout from the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry continues, we're checking to see whether...

MBIE Seeks to Raise Readability Factor of Disclosure

Options for making disclosure more accessible and 'readable' to consumers and more flexible for advisers, was discussed at a recent seminar on the future...

AMP Royal Commission Latest

AMP has rejected claims that it may have breached the Australian Corporations Act in its handling of an independent report into ‘fee for no...

AMP Delays Decision on NZ Business

AMP is yet to decide the future of its New Zealand operations, AMP Interim Executive Chairman, Mike Wilkins’, indicated at its AGM held last week. Wilkins...

Advisers Favour ‘Critical Illness’ Terminology

The results from our latest poll indicate the majority of advisers favour a move that would see the term 'Critical Illness Insurance' adopted across...