Wednesday, September 30, 2020

Remuneration

Advisers Should Clarify Their Status – Strategi

Advisers have been urged to clarify their professional status and decide how they will work under the incoming regulatory regime. The call has been made...

Call To Increase Customers Surveys By Partners Life

Financial advisers working with Partners Life should encourage their clients to take part in the insurer's surveys, says Andries van Graan the firm's General...

Risks In Moving Away From Commission System

Moving from a commission structure for financial advisers to a user-pays model “...could significantly reduce access to insurance advice for customers”, says an independent...

Call For Re-Think On Risk Commissions In Australia

Noted Australian actuary, John Trowbridge, is calling on his country's Government, regulators and other industry stakeholders to reconsider the 60/20 risk commission model presently...

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...