Call for Lenders to Better Support Advisers
The Finance and Mortgage Advisers' Association of New Zealand (FAMNZ) is putting pressure on lenders following claims consumers are getting preferential treatment over advisers.
FAMNZ...
Connect Tour Is Ready to Roll
Financial Advice NZ's Connect Tour 2024 hits the road next week with the first event taking place in Dunedin – places are filling up...
Higher Compensation Limits for Financial Disputes
Financial limits for complaints about financial service providers are being raised and streamlined by the country's four approved dispute resolution schemes.
The services are:
Banking...
IFSO Scheme Receives Positive Review
An independent review of the Insurance & Financial Services Ombudsman Scheme's (IFSO Scheme) complaints handling processes has been completed by Professor John McMillan.
Carried out...
Dual Disclosure Obligations a Potential Risk for Small Business Owners
Concern that the country's 450,000 small business owners may be disadvantaged if the Contracts of Insurance Bill becomes law have been raised by Financial...
Financial Advice NZ Launches Connect Tour 2024
Financial Advice New Zealand has launched its Connect Tour 2024 and will visit six cities across New Zealand starting next month.
The tour will be...
Ombudsman Backs Insurer to Decline Claim
The runaway Story of the Week this week was our report on an ombudsman's backing of an insurer's decision not to pay a claim...
FMA Publishes Fair Conduct Advice
The FMA has published advice for smaller firms to help them establish and maintain a Fair Conduct Programme (FCP) and apply for a Financial...
FMA Urges Advisers to Read its Monitoring Report
The first Financial Advice Provider Monitoring Insights report shows that some FAPs and advisers have a limited understanding of the purpose and intent of...