Wednesday, November 14, 2018

Survey Reveals Insights Into What Consumers Expect From Advisers

A consumer survey conducted by the Financial Advice Code Working Group has found six key themes that clients expect as given when receiving financial advice. The survey was undertaken during the CWG’s consultation period in...

Concerns Raised on Draft Code 

Strategi Institute has raised two concerns with the recently released draft Code of Conduct by the Code Working Group. Strategi Institute Managing Director, David Greenslade, says their biggest issues with the draft Code from an educational perspective are: 1....

PAA Officially Winds Up 

The Professional Advisers Association has completed its final Special General Meeting on 4 October, marking the end of the association. In a final note to its members, PAA Chief Executive, Rod Severn, said the board...

Poll

Adviser ‘Thumbs-Up’ for New Code

The majority of advisers have given their support to the draft Code of Professional Conduct,  released to the industry earlier this month. As we go to press, seven in ten advisers have said they approve...

FMA Report on Insurer Conduct and Culture Review Due December 

The Financial Markets Authority has stated in its October update that it will report on its Insurer Conduct and Culture Review in December. It also updated its progress on the Bank Conduct and Culture Review,...

Partners Life Ends Offshore Conferences 

Partners Life has announced its upcoming offshore adviser conference in July 2019 will be its last. In an update to advisers, Managing Director, Naomi Ballantyne, said she had been “watching on in horror” at the findings...

OnePath Sale Update

OnePath has provided a brief update on the progress of its sale to Cigna New Zealand. OnePath Senior Manager Adviser Distribution, Christine Laverty, said OnePath recently held a small series of adviser feedback sessions with Cigna...

Industry Response to ‘Succinct’ Draft Code

The draft Code of Conduct released last week by the Code Working Group has been welcomed by industry stakeholders, particularly for its concise and plain language style. The 12 proposed standards in the ten-page draft...

Kiwi Life Insurance Apathy Continues

Car, home and contents insurance are prioritised by Kiwis over life insurance, a new survey has found. Half of Kiwis said they have life insurance cover (51%) in a recent survey by online marketplace platform...

New Details Emerge on Minimum Qualifications for Aussie Advisers

More details regarding minimum educational qualifications for Australian advisers were released last week, contrasting sharply with the minimum standards that are proposed to be applied to Kiwi advisers. In a presentation made at last weeks’...