Risk Adviser Developing Fee Options
In a move that significantly challenges the status quo, our report this week on the proposition of potentially applying an implementation fee for risk...
Top Five AML Red Flags
Anti-money laundering (AML) red flags are constantly changing so it is important for financial advisers to have a good idea of what to look...
Banks And Insurers Return $Millions to Customers
The FMA says customer remediation by banks and life insurers following the Conduct and Culture reviews has so far seen customers paid $150 million.
The...
Majority of Advisers on Path to a Full Licence
Eighty-six per cent of financial advice providers have started, or have completed, the full licence application process.
According to the FMA, 66% of financial advice...
‘Creaking Systems’ Behind Hundreds of Life Insurance Issues
“Creaking systems and weak controls,” are some of the underlying problems that saw more than 200 life insurance issues reported to the FMA during...
Less Than Half of Advisor Business Ready For an Audit
There's mixed results to our latest poll that asks advice business owners if they are prepared for an FMA audit.
Of those who have so...
Top 10 Adviser Licensing Myths Busted by FSC
The new financial advice regime begins on 16 March 2023, yet – says the FSC's CEO Richard Klipin – many advisers are burying their...
FMA to Change Executive Leadership Team
The FMA is to change its executive leadership team in preparation for its expanding mandate that will see its total workforce increase to around...
Top Tips For Improving FAP Compliance
Strategi Compliance has published its top tips for those seeking to improve their overall regulatory compliance.
In a statement, the firm says that when it...