Wednesday, June 3, 2020

Remuneration

AIA Commission Boost For Financial Advisers

Bonus commission rates of up to 40% will be paid to financial advisers selling AIA New Zealand's Living products until September says the firm. The...

Claw-Backs Cause Concern – Poll Result

Our story last week raising the prospect of insurance company clawbacks after the government's Covid-19-related wage subsidies have ended struck a nerve with financial...

Claw-Backs on the Horizon After Wage Subsidy Ends

The issue of adviser commission claw-backs was raised with the Minister of Commerce and Consumer Affairs Kris Faafoi during a webinar hosted by Financial...

Cigna NZ Doubles Commission Payments

Cigna New Zealand is doubling service commission payments to independent financial advisers in June and July. “We’re recognising the additional efforts that our advisers are...

Upfront Commission Structures Should Remain

Last week we asked if you are concerned about the industry regulator's push to change the way in which advisers are remunerated. The poll was...

Upfront Commission Payments

Our latest poll stems from Partners Life's recent defence of current remuneration arrangements for advisers (see: Advisers Are the Good Guys). The FMA has concerns...

Updated – Advisers Are the ‘Good Guys’

Updated with comments from the FMA. Partners Life wants to show that financial advisers are the “good guys” and that industry regulator the FMA is...

Six Rules of The Matrix

Advisers selling Partners Life products are now being measured against six key indicators under the insurers' Customer Outcomes Matrix. The matrix system means the performance...

Finding the Right Balance at Partners Life

Treating existing customers fairly is something Partners Life is focusing on while the country works through the coronavirus issue and most New Zealanders are...