News in Brief


FSC Confirms Faafoi for Summit, Launches Advice Regulation Hub

The FSC has confirmed Minister Faafoi will be attending the Wellington Navigating Regulation Adviser Summit on 13 March 2019.

The FSC also launched its new Navigating Regulation Hub (click here), containing brief summaries of the latest information available on:

  • The Financial Services Legislation Amendment Bill (FSLAB)
  • The Code of Conduct for financial advice
  • Disclosure regulations
  • Licensing financial advice providers
  • Fees and levies

Click here to register for the Navigating Regulation Advice Summits which close on 6 March 2019.

Strategi Offers $500 Success Rebate on Level 5 Certificate 

Strategi Institute has accessed funding through Skills Organisation to help ease the financial burden for advisers upskilling to the new requirements.

To be eligible for the rebate, advisers must complete both the core strand and specialist strand of the New Zealand Certificate in Financial Services Level 5 (NZCFS5) within an eight month time frame from the start of their enrolment.

AMP Exit Won’t Affect NZ’s Secondary Insurance Market 

The operator of New Zealand’s secondary market for whole of life and endowment life insurance policies says that AMP’s sale to Resolution Life won’t impact the secondary market for life insurance policies.

Policy Exchange MD, Greg Donnison, confirmed they will continue to offer cash out options for qualifying AMP policies, now and subsequent to the sale to Resolution Life.

“We’ve been in dialogue with Resolution regarding the sale and been assured that Resolution will continue to manage the book with the ‘best interests of policyholders’ in mind.”