Monday, October 14, 2019

Tag: Government

Poll Results – Conduct Regime Supported

Our latest poll asked if you agreed with the Government’s recently announced regime to regulate financial conduct. At the time of writing, the majority of...

Law Firm Concerned with Complexity of CoFI Review and FSLAA Reform

KensingtonSwan has voiced its concern on the increased complexities of financial sector law and the potential impact of financial advice providers. This follows the...

Conduct Regime May Bring Further Licence Conditions on FAPs

Financial Advice Providers (FAPs) may be subject to further licence conditions that align with obligations in the recently announced conduct regime for financial institutions. The...

Government Announces Conduct Licensing Regime for Insurers and Banks

The Government has announced a new regime to regulate financial conduct, which it says will make banks and insurers treat their customers fairly. Commerce and...

Consumers Deserve Better From Life Insurers – Faafoi

The Government has warned that consumers deserve better from life insurers. This follows the Reserve Bank of New Zealand and Financial Markets Authority voicing their...

Licensing Fees Confirmed, Estimated 10% Drop in Advisers Under FSLAA

The Government has announced that the new regime for financial advice will come into force in June 2020, with the exact date to be...

Poll Results – Commission Cap Possibility Not a Favoured Choice 

It probably comes as no surprise that the results of our latest poll suggest a capping of life insurance commissions would not be a...

Latest Poll – Capped Commissions Coming to NZ?

The Government is considering capping up-front life insurance commissions and potentially trail too, as detailed in an options paper for its Conduct of Financial...

Review of Insurance Contract Law Options Paper Released 

  The Government has released an options paper for consultation on its review of insurance contract law. The review aims to: Improve consumer understanding around disclosure...

Pros and Cons of a Commission Cap

In the Government’s recently released options paper on its review of the Conduct of Financial Institutions, (see: Government Considers Capping Commissions…) the pros and...