Monday, July 22, 2019

Poll

Latest Poll – Cyber Risk

Our latest poll asks how confident you feel that your financial advice firm can detect and protect against cyber threats. The FMA has released a report on financial advice firms’ perceptions of risk, types of...

FMA Report Shines Light on Cyber-Resilience in Financial Services Firms

The Financial Markets Authority has released a report covering its findings of a thematic review of cyber-resilience in New Zealand financial services. The purpose of the report is to provide guidance for firms in areas...

AMP Life Sale Uncertainty

AMP Limited has revealed that the transaction for the sale of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to Resolution Life is “highly unlikely to proceed” in its current...

ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers

Australian regulator ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs in CCI sold by major banks and lenders. The regulator's...

Reserve Bank Embraces the Future

Reserve Bank Governor, Adrian Orr, spoke on the future outlook of the Bank to the Financial Services Institute of Australasia (FINSIA) in Auckland recently. “This is the appropriate time to outline the future of the Reserve...

Poll

Poll Results – Adapting to Change

Our latest poll sought to gauge how you as advisers are tracking with the sweep of regulatory change taking place across financial services and the insurance sector. At the time of writing, the majority of...

Support Continues For Association’s Partnership Programme 

Financial Advice New Zealand has confirmed four more additions to its partnership programme which include Asteron Life, mySolutions, Generate and adviser firm MacKay Financial Advice and Solutions. They join the following list of Business Partners...

High Schoolers Learn About Insurance

Sorted in Schools, a Government-backed financial education programme for secondary students, now has half of New Zealand’s high schools signed up. A number of schools have started to teach students about how to make money...

Dealer Groups Must Evolve Alongside Advisers – Newpark

Dealer groups must evolve as the new regime for financial advice comes into force, says Newpark Chief Executive, Melanie Purdey. She believes most dealer groups are still trying to understand how they need to change...

How to Get Luckier With Centres of Influence

NSW adviser, Guy Mankey, has shared the benefit of his experience in developing highly successful relationships with centres of influence. Speaking to his peers at last month’s MDRT Annual Meeting in Miami, Mankey based his perspectives around the...