Industry Responds to FMA Report on Replacement Business Issues
Various industry stakeholders have responded to the Financial Markets Authority’s investigation into conflicted conduct among life insurance advisers (see: FMA Cracks Down...).
The Financial Services...
Kepa Announces ‘Fit4License’ Programme For Advisers
Kepa has revealed it is working on a framework to enable the dealer to be a licensed entity under the new legislation.
The programme it...
Adviser Self-Licensing Preference Emerges
Advisers appear to have concluded they want to be responsible for their own licence when the new adviser licensing regime commences later this year.
Almost...
FMA Cracks Down on Life Insurance Adviser Conduct
The Financial Markets Authority today released a report into its ongoing review of conflicted conduct and insurance replacement business practices among advisers.
The regulator’s main...
Competency Standards, Definition of ‘Advice’ Questioned at CWG Roadshow
The Financial Advice Code Working Group (CWG) Roadshow commenced in Auckland this week, during which adviser competency standards and the two proposed categories of...
Adviser Licensing – Your Opinion
In the first of what will be a regular series of RiskinfoNZ polls, we seek your opinion about the choice you think your advice...
Adviser Pleads Guilty to FMA Charges
South Island financial adviser, Garry James Patterson has pleaded guilty to two charges brought by the Financial Markets Authority (FMA) at the Christchurch District...
Advisers Divided on New Licensing Options
Survey results released by the Financial Services Council (FSC) suggest almost 60% of advisers are considering a self-licensing option under the new adviser licensing...
Review of Insurance Contract Law Begins
A review of insurance contract law in New Zealand has commenced.
Commerce and Consumer Affairs Minister, Kris Faafoi, recently released the terms of reference for...