Wednesday, December 19, 2018

Compliance & regulation

FMA Calls For More Power Over Bank Conduct 

The Financial Markets Authority has called on the Government to address certain ‘gaps’ in the framework for regulation of banks. In the recently released report...

Minimum Qualification For All – Financial Advice New Zealand

Financial Advice New Zealand has called for one minimum qualification, or its equivalent, for all who provide regulated financial advice. The call was made in...

Removal of Commissions in Australia Would Damage Insurance System

The complete removal of life insurance commissions in Australia would inflict significant damage on the life insurance system that would be difficult to reverse,...

Poll Results – Offshore Conferences

The results of our latest poll are in and it seems the majority of advisers agree that life companies should no longer offer off-shore...

Regulators Call For Banks to Remove All Sales Incentives 

The Financial Markets Authority and Reserve Bank of New Zealand have told eleven New Zealand banks to remove all incentives linked to sales measures,...

Latest Poll – Offshore Adviser Conferences

Out latest poll is based around recent announcements about the future of offshore adviser conferences. Until quite recent times, offshore conferences for advisers have been...

Customer-Centric Conduct Must be ‘Permanently Embedded’ – FMA  

The Financial Markets Authority (FMA) Chief Executive, Rob Everett, says the regulator is determined to “play its part” to make sure customer-centric conduct is...

Draft Code Concerns Addressed

The Financial Advice Code Working Group has answered questions on the draft Code, during a live webinar it hosted recently. Queries on CPD, new entrants...

Survey Reveals Insights Into What Consumers Expect From Advisers

A consumer survey conducted by the Financial Advice Code Working Group has found six key themes that clients expect as given when receiving financial...

Concerns Raised on Draft Code 

Strategi Institute has raised two concerns with the recently released draft Code of Conduct by the Code Working Group. Strategi Institute Managing Director, David Greenslade, says their biggest...