Thursday, February 21, 2019

Compliance & regulation

New Adviser Remuneration Model Discussion Paper Released

A discussion paper on a new remuneration model for risk advisers has been released by the thinkers behind it, Bruce Cortesi and Darrin Franks,...

Complaints Provide Insight to Improve Conduct – IFSO

Insurance & Financial Services Ombudsman, Karen Stevens, says the complaints that the IFSO Scheme receives can help insurers and financial advisers with industry change,...

Report Needs Swift Response From Industry – Financial Advice NZ

Financial Advice New Zealand has said the insurance sector must respond swiftly to the issues raised in the recently released FMA and RBNZ Report...

Industry Responds to Conduct and Culture Report 

The Financial Services Council, Financial Advice NZ and Commission for Financial Capability (CFFC) have each responded to the Life Insurer Conduct and Culture Report...

Government Pledges to “Get Rid of Sales Incentives”

The Government has declared that sales incentives no longer have a place in the life insurance sector. Shortly after the RBNZ and FMA published their...

NZ Insurers Need to Look Closer at Australian Royal Commission, Regulators Warn

Another message included in the RBNZ and FMA’s joint report on life insurers’ conduct and culture (click here), is for New Zealand life insurers to...

Report Calls Out High Commissions For Advisers

The high rate of commissions for New Zealand advisers has been a focal point in the RBNZ and FMA’s recently released report of life...

Regulators Life Insurance Report “Shows the Life Insurance Sector in a Poor Light”

The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) have published their Life Insurer Conduct and Culture Report. The joint review...

Advisers Key to Reducing Non-Disclosure Complaints – IFSO 

Advisers and medical notes play an important role when it comes to non-disclosure complaints, says Insurance & Financial Services Ombudsman (IFSO), Karen Stevens. Stevens said...

Dispute Resolution Service Sees Jump in Adviser Membership 

The Financial Dispute Resolution Service has reported a high intake of advisers has taken up membership with the Service. It claimed that over 600 advisers...