Sunday, August 25, 2019

Tag: Kris Faafoi

Industry Responds to Survey Claiming Insurance Market ‘Not Working For Consumers’

Consumer NZ says consumers are not getting a fair deal, following the results of their latest survey research report ‘Fixing the insurance market’. Consumer NZ...

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...

Minister Approves Code of Conduct

The Code Working Group has confirmed that the Minister of Commerce and Consumer Affairs, Kris Faafoi, has approved the Code of Conduct on 7...

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...

Government Considers Capping Commissions

The Government is considering the possibility of capping upfront and/or trail commissions for intermediaries of insurers and banks and banning products that lead to...

Code Working Group Publishes Submissions 

The Financial Advice Code Working Group has published around 120 submissions it received in response to its consultation document released in October 2018. “We are...

Passing of FSLAB a ‘Landmark Moment’ – FSC 

The Financial Services Council has welcomed the passing of the Financial Services Legislation Amendment Bill through Parliament as a ‘landmark moment’ for the New...

FSLAB Passed

The Financial Services Legislation Amendment Bill passed through Parliament yesterday afternoon. Commerce and Consumer Affairs Minister, Kris Faafoi, said, "The changes we will now put in...

Faafoi Assures a ‘Balanced Approach’ to Adviser Remuneration

Minister of Commerce and Consumer Affairs, Kris Faafoi, as offered his assurance to advisers that the Government has taken a "measured and balanced approach to...