Tuesday, March 26, 2019

Tag: FMA

Commission Ban Not Part of the Plan, FMA Clarifies 

The FMA’s Chief Executive, Rob Everett, has clarified the regulator’s stance on adviser commissions, during the Economic Development, Science and Innovation Committee's annual review of the...

Prepare Your Business for Licensing Now – Kepa 

Advisers should be taking the time now to set up their business processes for success, ahead of looming licensing requirements, urges Kepa CEO, Brendon...

Industry Needs to Deliver on Ensuring Product Suitability – Hutchinson 

Chatswood Consulting’s Russell Hutchinson says a conversation between regulators and industry is needed to determine what systems and controls are required to ensure suitability...

NZ Government Looking Closely at Australian Royal Commission Final Report 

The New Zealand Government has announced it will scrutinise the outcomes of the Australian Royal Commission to see if the recommendations should be implemented...

Waiting Game For Life Insurers

A number of life companies have put forward their responses to the FMA and Reserve Bank’s hard-hitting report into insurers’ conduct and culture. Asteron Life...

New Adviser Remuneration Model Discussion Paper Released

A discussion paper on a new remuneration model for risk advisers has been released by the thinkers behind it, Bruce Cortesi and Darrin Franks,...

Complaints Provide Insight to Improve Conduct – IFSO

Insurance & Financial Services Ombudsman, Karen Stevens, says the complaints that the IFSO Scheme receives can help insurers and financial advisers with industry change,...

Government Pledges to “Get Rid of Sales Incentives”

The Government has declared that sales incentives no longer have a place in the life insurance sector. Shortly after the RBNZ and FMA published their...

NZ Insurers Need to Look Closer at Australian Royal Commission, Regulators Warn

Another message included in the RBNZ and FMA’s joint report on life insurers’ conduct and culture (click here), is for New Zealand life insurers to...

Report Calls Out High Commissions For Advisers

The high rate of commissions for New Zealand advisers has been a focal point in the RBNZ and FMA’s recently released report of life...