Monday, July 22, 2019

Tag: Reserve Bank

Life Insurers Report Back to FMA on Review Findings

Life insurers have submitted their responses to the Financial Markets Authority and Reserve Bank as their 30 June deadline is now over, following the...

News in Brief

Financial Advice NZ Reveals 10 Business Partners  Financial Advice New Zealand has announced the names of its ten new Business Partners for its partnership programme...

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...

Insurtechs Aim to Solve Industry Challenges 

Insurtech companies are looking to improve customer experience, according to a report commissioned by InsurtechNZ, a working group created by FintechNZ, and are focused...

News in Brief

Rod Severn IBANZ Appointment Professional IQ College CEO, Rod Severn, has taken on further responsibilities at the Insurance Brokers Association of New Zealand (IBANZ), stepping...

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,...

FSC Welcomes The End of Overseas Incentive Trips 

FSC chief, Richard Klipin, says the move by more life insurers to remove overseas incentive conferences is just one example of how the attitude...

Regulator Concerned About High Commission Levels

High commission structures continue to present a challenge to efficiency in the life insurance sector, the Reserve Bank of New Zealand has noted in...

Regulators Call For Banks to Remove All Sales Incentives 

The Financial Markets Authority and Reserve Bank of New Zealand have told eleven New Zealand banks to remove all incentives linked to sales measures,...