Tuesday, January 21, 2020

Compliance & regulation

Poll Results – Advisers Well-Prepared for Licensing

  Our latest poll asked when and if you would be applying for a transitional licence to operate as a financial advice provider under the...

FMA Imposes Two Standard Conditions for Transitional Licences 

The Financial Markets Authority has announced it has imposed two standard conditions for transitional licensing, after considering all submissions it received during the consultation...

The End is Nigh…

Managing Director of DCW Management, David Whyte, critiques the different aspects of the approaching regulatory regime, covering disclosure, licensing and adviser remuneration… A typical placard seen on...

Latest Poll – All Set for Transitional Licensing? 

The FMA will now open transitional licensing from 25 November and we ask if and how soon you intend to submit your online application...

FMA Reinforces Message to Insurers to ‘Rebuild Public Trust’ 

The Financial Markets Authority has stated it is now up to insurers and banks to rebuild public trust, as it releases its 2019 Annual...

Privacy Breach at FMA

The FMA has apologised for a privacy breach that it said meant complaints documents it received between 2015 and 2017 were potentially accessible via...

Reserve Bank Warns Insurance Sector Must Evolve 

The Reserve Bank has called for increased effort from the industry in building public confidence in the insurance sector, warning it must evolve in...

Association Teams up With FMA For More Licensing Roadshows

Financial Advice New Zealand has announced a number of seminars on transitional licensing will take place in November. The roadshow is part of a programme...

Finzo Creates Compliance Officer Role

Integrated financial solutions provider Finzo has appointed Tracey Wolfe into a new Compliance Officer role. Finzo stated the appointment comes as rapid changes in New Zealand’s...

New Regime Spells Opportunity for Advisers

The insurance sector is facing tremendous change, and with that change comes opportunity, says Suncorp New Zealand's Executive General Manager Distribution, Cris Knell... There’s opportunity for...