Monday, September 24, 2018

Remuneration

How The Insurance Industry May Change by 2023

The life insurance industry may look very different in a few years time and many of the issues its grappling with now may be...

Aussie Risk Advisers Reduce Reliance on Commissions 

An Australian adviser consultant says more risk advisers are incorporating a fee for service into their business model following regulatory change impacting risk commissions...

ANZ to Remove Sales Incentives 

ANZ Bank New Zealand has announced all its frontline retail sales incentives will be removed from 1 October 2018. Addressing the concern that sales targets...

Commissions to Stay: MBIE

The Ministry of Business, Innovation and Employment (MBIE) has made it clear that banning commissions would achieve little, following the release of its response...

New Remuneration Model Concerns Addressed

The duo behind the new remuneration model for advisers proposed earlier this month (see: New Adviser Commission Model Proposed…) have responded to concerns from...

Latest Poll – New Adviser Commission Model?

A new commission structure for insurance advisers has been proposed, which would see a shift from upfront commission paid as a percentage of the...

New Adviser Commission Model Proposed 

Two industry leaders have created a new remuneration model concept for insurance advisers and confirmed they have conducted initial discussions with the Financial Markets...

Risk Commissions Poll Results

The results of our latest poll suggest most Kiwi advisers are comfortable with their current commission arrangements - but the sentiment is not universal. As...

Are Risk Commissions Too High?

Our latest poll is based on a recent report released by the Reserve Bank which includes a statement that life insurance commissions in New...

Reserve Bank Questions Risk Commission Levels

While The Reserve Bank has concluded New Zealand’s financial system remains sound, including its insurance sector, it has noted the level of risk commissions...