Sunday, December 16, 2018

Tag: Reserve Bank

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,...

Potential Reserve Bank Disclosure Dashboard for Insurance 

The Reserve Bank has indicated that in 2019 it will explore the possibility of creating a disclosure dashboard for the insurance sector, following the...

Thinking Long-Term in a Long-Term Industry – Ballantyne

Partners Life Managing Director, Naomi Ballantyne, has warned the insurance industry that more thought needs to be centred around the longest-held customer and the...

FMA Grows Impatient With ‘Patchy’ Approach to Customer Outcomes in Financial Services

The Financial Markets Authority (FMA) has described the extent of the understanding around customer outcomes, as to what is required and how to achieve...

Are Risk Commissions Too High?

Our latest poll is based on a recent report released by the Reserve Bank which includes a statement that life insurance commissions in New...

Reserve Bank Questions Risk Commission Levels

While The Reserve Bank has concluded New Zealand’s financial system remains sound, including its insurance sector, it has noted the level of risk commissions...

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...

Aussie Royal Commission Causing a Stir in NZ 

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New...