More Fallout From Aussie Royal Commission
Turmoil in the Australian financial advice sector continues, with news over the weekend that a top-ten advice licensee has closed its doors.
Non-aligned financial advice...
Are Risk Commissions Too High?
Our latest poll is based on a recent report released by the Reserve Bank which includes a statement that life insurance commissions in New...
New GM Appointed at Evergreen Life
Former Managing Director of IDS, Barry Read, has been confirmed as the new General Manager of life insurance advice business, Evergreen Life.
Evergreen Life Managing...
Aussie Regulator Says Life Insurance Commissions Will Remain
The head of Australia's corporate regulator ASIC has claimed a recent speech in which he called for the removal of commissions to avoid conflicts...
Regulators Reveal Initial Observations on Banks
The RBNZ and the FMA have briefed the Finance and Expenditure Select committee on the Australian Royal Commission (RC) fall-out and the regulators' response...
Focus on Client Costs – Not Commissions, Says New Body
Financial Advice New Zealand recently submitted its response to MBIE on the recent disclosure consultation paper (see: MBIE Seeking Feedback…).
In it, the new body...
MBIE Hints at New Regulator For Insurance Industry
MBIE has hinted at its preference for the establishment of a single entity to regulate the NZ financial services sector.
Its issues paper stated: “Taken...
Australian Regulator Says Removal of Commissions Would End Conflicts of Interest
Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), has thrown its weight behind the total removal of conflicted remuneration, including commissions, stating there...
FMA Asks Insurers to Prove Themselves
The FMA has released the letter it has sent to the chief executives of New Zealand’s licensed life insurers, asking them to prove themselves in...