Saturday, December 5, 2020

Poll

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 two thirds (63%) of advisers taking our poll so far...

Fidelity Life Welcomes New Board Member

Fidelity Life has appointed NZ Super Fund's Lindsay Smartt to its Board. The appointment follows the recent completion of the NZ Super Fund’s $100 million 41.1% cornerstone stake in Fidelity Life, reported in a previous article...

Lack of Succession Plans Among Ageing Advisers, Warns AMP

For the majority of advisers, the time for succession planning is now, says AMP General Manager Advice and Sales, Therese Singleton, but she warns it is concerning that so few have a plan in place. “The...

Kepa CEO to Step Aside

Kepa co-founder and chief executive Jeff Page, has announced he will step aside from his CEO role saying, “...it is an opportune time for Kepa to transition to new leadership”. A veteran of the industry with...

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 concern regarding replacement business practices is consumers receiving the 'short...

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 the term 'Adviser' were debated. The Roadshow, which needed to provide...

Poll

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 practice will make when the new adviser licensing regime becomes...

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 Court. The FMA filed the two charges against Patterson in March...

Fidelity Life Releases IP Product Enhancements

Fidelity Life has launched key enhancements to its income protection product range. Positioned as the focus for Fidelity Life's 3-2-1-Go! Campaign for advisers, the three enhancements are: Improvements to waiting period conditions - the requirement...