Sunday, May 27, 2018

Tag: FMA

FMA Asks Insurers to Prove Themselves

The FMA has released the letter it has sent to the chief executives of New Zealand’s licensed life insurers, asking them to prove themselves in...

FMA Report Driving ‘Important Conversation’ on Transparency Around Incentives – FSC

The Financial Services Council (FSC) has welcomed the FMA report on soft commissions (see: FMA Targets Soft Dollar Commissions), which has fuelled discussion on...

FMA Raises Concern on Sales-Driven Soft Commissions

The FMA has raised concerns over soft-commissions linked to sales volumes. In its review into soft commissions offered by life and health insurers, the regulator...

FMA Targets Soft Dollar Commissions

The Financial Markets Authority (FMA) has voiced its concern about the influence that soft commissions have on advisers’ behaviour, in a review into the...

Soft Commissions Continue to Fall Among AFAs

The percentage of AFAs who said they received ‘soft commissions’ continues to fall, according to the Financial Markets Authority’s (FMA) latest statistical snapshot on...

AMP Delays Decision on NZ Business

AMP is yet to decide the future of its New Zealand operations, AMP Interim Executive Chairman, Mike Wilkins’, indicated at its AGM held last week. Wilkins...

Aussie Royal Commission Causing a Stir in NZ 

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New...

UPDATED: FSC and Workplace Savings NZ Conference Returns in 2018

UPDATED: The Minister of Finance, the Hon Grant Robertson, and Jake Bailey with his story ‘Standing on the Shoulders of Giants’, are confirmed guest speakers...

Industry Responds to FMA Report on Replacement Business Issues

Various industry stakeholders have responded to the Financial Markets Authority’s investigation into conflicted conduct among life insurance advisers (see: FMA Cracks Down...). The Financial Services...

Adviser Self-Licensing Preference Emerges

Advisers appear to have concluded they want to be responsible for their own licence when the new adviser licensing regime commences later this year. Almost...