Wednesday, December 19, 2018

Compliance & regulation

“New Zealand’s Insurance Law is Outdated” Says Minister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

Advisers to Have Stronger Say in Draft Code 

Financial Advice New Zealand has revealed it is forming an adviser panel in association with the Code Working Group (CWG), to ensure the adviser’s...

Aussie Royal Commission Causing a Stir in NZ 

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New...

Greater Disclosure Will Help Industry Long-term, Says AFA  

Although tighter requirements around disclosure may cause ‘short-term pain’ for RFAs, the changes will strengthen the industry in time, says Cave Financial's Managing Director, Michael...