Industry Consultant’s Reservations On Code Competence Requirements
Locking in degree level requirements could do more harm than good, says respected industry consultant, Russell Hutchinson.
In his submission to the Code Working Group (CWG) consultation...
Commissions to Stay: MBIE
The Ministry of Business, Innovation and Employment (MBIE) has made it clear that banning commissions would achieve little, following the release of its response...
FSLAB Select Committee Report Missed the Mark, Says Financial Advice NZ
Financial Advice New Zealand CEO, Katrina Shanks, has urged the Government to take another look at the proposed changes to the Financial Services Legislation Amendment...
Insurers Debate on Suitability of ‘Good Advice Outcomes’
Submissions received by the Financial Advice Code Working Group (CWG) have questioned the use of the terminology ‘good advice outcomes’, contained within one of...
FMA Targets QFE Advice Quality
QFE insurance providers appear to be considering their own risks ahead of their customers when it comes to replacement business, the Financial Markets Authority...
Less Than Half of Kiwis Aware of FMA
Around four in ten (41%) New Zealanders are aware of the Financial Markets Authority (FMA), a recent report released by the regulator has found.
The report...
Linking Life Events With Provision of Advice
The idea to tie life events more strongly to certain forms of advice was put forward at the Financial Services Council’s Breakfast event ‘Advice...
CWG Working Towards Consultation on Draft Standards
The Financial Advice Code Working Group has received 160 submissions, since it released its consultation document for the new Code of Conduct in March, it...
New Adviser Commission Model Proposed
Two industry leaders have created a new remuneration model concept for insurance advisers and confirmed they have conducted initial discussions with the Financial Markets...