Monday, September 24, 2018

Tag: MBIE

Aussie Risk Advisers Reduce Reliance on Commissions 

An Australian adviser consultant says more risk advisers are incorporating a fee for service into their business model following regulatory change impacting risk commissions...

FSLAB Changes Embrace CWG Suggestions 

The Code Working Group (CWG) is pleased with how the Select Committee's amendments to the draft Financial Services Legislation Amendment Bill (FSLAB) have reflected the...

Commissions to Stay: MBIE

The Ministry of Business, Innovation and Employment (MBIE) has made it clear that banning commissions would achieve little, following the release of its response...

CWG Working Towards Consultation on Draft Standards 

The Financial Advice Code Working Group has received 160 submissions, since it released its consultation document for the new Code of Conduct in March, it...

Focus on Client Costs – Not Commissions, Says New Body 

Financial Advice New Zealand recently submitted its response to MBIE on the recent disclosure consultation paper (see: MBIE Seeking Feedback…). In it, the new body...

New Body Revs up For July 1 Launch

Katrina Shanks commenced her role as CEO of Financial Advice New Zealand this week and the new body has revealed the following developments in...

MBIE Hints at New Regulator For Insurance Industry

MBIE has hinted at its preference for the establishment of a single entity to regulate the NZ financial services sector. Its issues paper stated: “Taken...

MBIE Seeks to Raise Readability Factor of Disclosure

Options for making disclosure more accessible and 'readable' to consumers and more flexible for advisers, was discussed at a recent seminar on the future...

Greater Disclosure Will Help Industry Long-term, Says AFA  

Although tighter requirements around disclosure may cause ‘short-term pain’ for RFAs, the changes will strengthen the industry in time, says Cave Financial's Managing Director, Michael...

Future Commission Disclosure – Your View

Our latest poll seeks your opinion on the prominence which should be given to the disclosure of your remuneration within the new financial advice...