Wednesday, January 16, 2019

Remuneration

FSC Welcomes The End of Overseas Incentive Trips 

FSC chief, Richard Klipin, says the move by more life insurers to remove overseas incentive conferences is just one example of how the attitude...

Fidelity Life to End Its Offshore Partnership Programme

Fidelity Life is the latest life insurer to announce it will end overseas incentive trips for advisers, namely its Partnership Programme. “The insurance industry is...

Regulator Concerned About High Commission Levels

High commission structures continue to present a challenge to efficiency in the life insurance sector, the Reserve Bank of New Zealand has noted 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...

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...

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...