Wednesday, May 22, 2019

Record Keeping Still Vital Under New Code

Adviser Business Compliance Director, Gavin Austin, says record-keeping is still integral to an advice business even though the newly approved Code of Professional Conduct does not have an equivalent to Standard 12 under the...

Poll

Poll Results – Mixed Feelings on the Code 

Last week we asked whether you supported the newly approved Code of Professional Conduct for Financial Advice Services and the results were quite surprising. At the time of writing, 45 percent of voters supported the...

News in Brief

Early Bird Tickets Closing Soon For Industry Conferences  The FSC and WSNZ have reported earlybird tickets for their 2019 conference, Towards Wellbeing, are selling fast and are available until 31 May. Click here for details....

Code Working Group Responds to Association’s Concerns

Code Working Group Chair, Angus Dale-Jones, has addressed concerns raised last week by Financial Advice New Zealand on the final Code of Professional Conduct. The association’s CEO, Katrina Shanks, said that the Code had fallen...

Aussie Election Outcome Eases Pressure on Future of Risk Commissions

The majority of advisers and other industry stakeholders in Australia appear more optimistic about the future of their own business as well as the future of the broader life insurance and financial advice sectors...

FSC Merges With Workplace Savings NZ

The Financial Services Council and Workplace Savings NZ have announced a merger into a single organisation under the FSC banner from 1 July 2019. The merger is set to drive better consumer outcomes and create...

Commission Cap Concerns

Bruce Cortesi and Darrin Franks, who previously published a new remuneration concept paper (see: New Adviser Remuneration Model Discussion Paper Released...) have voiced their concerns on the possibility of a commission cap for insurance...

Poll

Latest Poll – Concerns With the Code 

In our latest poll, we ask whether you support the new Code of Conduct, which was approved by Minister Faafoi last week (see: Minister Approves Code of Conduct…) However, not all are happy with the...

Partners Life Discontinues Fastapp

Partners Life has announced that it has decided to discontinue Fastapp for new policies effective from 13 May 2019. The insurer launched Fastapp in March 2017 as an alternative pathway for customers who wished to...

Discussing Death in Top Three ‘Taboo’ Subjects

Research conducted for Integrity Life has revealed Australians would rather talk to their partner about past relationships than address how they would manage their finances in the event of death or disability. In a release...