Adviser Sentenced for Insurance Fraud
A former financial adviser has been sentenced to three years' imprisonment for committing insurance fraud, says the FMA in its April Financial Advisers Update.
The...
New FMA Update for Financial Advisers
The Financial Markets Authority has published its first edition of FMA Financial Advisers Update which offers comprehensive information specifically for financial advice providers.
The April...
Preparing for FMA Monitoring Visits
There was strong reader interest this week in Partners Life's upcoming webinar on how FAPs can prepare for an FMA monitoring visit...
Partners Life is...
CoFI Regime Comes into Full Effect
The Conduct of Financial Institutions regime has come into full effect with the FMA saying it expects banks, insurers and non-bank deposit takers to...
FMA Releases Update on Outcomes-Focused Regulation
The FMA has published its updated approach to Outcomes-Focused Regulation after considering wide ranging feedback from financial services firms, consumer groups and law firms.
A...
Client Dispute – Adviser Refunds IP Premiums
There was very strong interest this week in our report on a financial adviser refunding 50% of a client’s IP insurance premiums in resolving...
New Online Training Module – Partners Life
Partners Life has developed a new online training module ‘Fair Treatment of Customers’ to help advisers be better prepared for the new Conduct of...
Overly Conservative FAPs? Your Verdict
More than half of advisers have indicated they believe their Financial Advice Provider is taking an overly conservative approach to meeting current regulatory obligations.
As...
Latest Poll – ‘Overly Conservative’ FAPs?
Our latest poll is asking if advisers believe their Financial Advice Provider, whether that be themselves directly or another entity, is taking an overly...