Kiwis at the Heart of Regulatory Changes says Minister Clark
The financial wellbeing of all New Zealanders is at the heart of regulatory changes to the financial sector, said Minister David Clark during his...
How Fair Dealing Rules Could Catch out the Unwary
Financial advice firms publishing exaggerated claims, half-truths, and questionable statements need to brush up on Fair Dealing rules advises Strategi's Executive Director David Greenslade.
During...
Insurer Cancels Policy and Refunds Premiums Totalling $20,000
An insurer has refunded a client's premiums for funeral cover after her monthly payments exceeded the value of the agreed payout.
In May 2010 Mrs...
Self-Reporting to FMA Won’t Prevent Legal Action
The FMA should be told as soon as possible if a self-reporting incident takes place, but it won't score any points if the regulator...
Claim for Higher Life Insurance Payout Denied – Case Study
Following 10 weeks in hospital Mr E asked his adviser to reduce his life cover from more than $260,000 to $100,000 to reduce his...
Time-frame for FAP Licence Applications welcomed by FSC
Richard Klipin, CEO of the FSC, says the FMA has provided a clear roadmap for financial advisers having set the date for transitional licence...
FMA Has Plenty of Scope to Expand According to Outgoing CEO
The work of the FMA is only half done says its outgoing CEO Rob Everett.
Everett, who is leaving the regulator to head up New...
Deadline Date Set for Transitional FAP Licence Holders
The FMA has set 30 September 2022 as the target date by when all transitional financial advice providers should apply for their Class 1...
Compliance WOF Offer to Advice Business Owners
Strategi is offering a warrant of fitness service to advice business owners that includes a review of FAP policies, processes, controls, and advice documents.
The...