Friday, March 29, 2024

Tag: RBNZ

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...

Regulators Life Insurance Report “Shows the Life Insurance Sector in a Poor Light”

The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) have published their Life Insurer Conduct and Culture Report. The joint review...

FMA Calls For More Power Over Bank Conduct 

The Financial Markets Authority has called on the Government to address certain ‘gaps’ in the framework for regulation of banks. In the recently released report...

Risk Commissions Poll Results

The results of our latest poll suggest most Kiwi advisers are comfortable with their current commission arrangements - but the sentiment is not universal. As...

Pull Your Heads Out of the Sand, Warns FMA

FMA Chief, Rob Everett, says he hopes the banking and life insurance sectors have pulled their collective heads out of the sand when it...

Regulators Reveal Initial Observations on Banks

The RBNZ and the FMA have briefed the Finance and Expenditure Select committee on the Australian Royal Commission (RC) fall-out and the regulators' response...

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...