ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers
Australian regulator ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs...
Reserve Bank Embraces the Future
Reserve Bank Governor, Adrian Orr, spoke on the future outlook of the Bank to the Financial Services Institute of Australasia (FINSIA) in Auckland recently.
“This is...
Poll Results – Adapting to Change
Our latest poll sought to gauge how you as advisers are tracking with the sweep of regulatory change taking place across financial services and...
Support Continues For Association’s Partnership Programme
Financial Advice New Zealand has confirmed four more additions to its partnership programme which include Asteron Life, mySolutions, Generate and adviser firm MacKay Financial...
Dealer Groups Must Evolve Alongside Advisers – Newpark
Dealer groups must evolve as the new regime for financial advice comes into force, says Newpark Chief Executive, Melanie Purdey.
She believes most dealer groups...
Life Insurers Report Back to FMA on Review Findings
Life insurers have submitted their responses to the Financial Markets Authority and Reserve Bank as their 30 June deadline is now over, following the...
Latest Poll – Taking Stock
With another consultation paper recently released to the industry in the form of the FMA’s two proposed standards for transitional licensing (see: FMA Consults...),...
Genetic Testing Moratorium For Life Insurance in Australia
In Australia, genetic tests are no longer a barrier for consumers seeking life insurance, following the implementation of the Financial Services Council’s Moratorium on...
FMA Consults on Two Standard Conditions for Transitional Licensing
The FMA is consulting on two standard conditions it may potentially impose for transitional licences, as part of the new financial advice regime.
The new...