Wednesday, January 29, 2020

Tag: Kris Faafoi

Insurance Contract Law Changes a Win For Consumers

Proposed changes to insurance contract law by the Government aims to make insurance policies easier to understand and fairer for consumers. Minister of Commerce and...

New Regime Spells Opportunity for Advisers

The insurance sector is facing tremendous change, and with that change comes opportunity, says Suncorp New Zealand's Executive General Manager Distribution, Cris Knell... There’s opportunity for...

Government Increases FMA Litigation Budget

The Government has announced an increase of $4 million to the Financial Markets Authority’s litigation fund for 2019/20 to strengthen enforcement capability. The increase, which...

Latest Poll – Regulating Financial Conduct

Our latest poll asks whether you are in agreement with the Government’s announcement to regulate the conduct of financial institutions. Commerce and Consumer Affairs Minister,...

Conduct Regime May Bring Further Licence Conditions on FAPs

Financial Advice Providers (FAPs) may be subject to further licence conditions that align with obligations in the recently announced conduct regime for financial institutions. The...

Government Announces Conduct Licensing Regime for Insurers and Banks

The Government has announced a new regime to regulate financial conduct, which it says will make banks and insurers treat their customers fairly. Commerce and...

Consumers Deserve Better From Life Insurers – Faafoi

The Government has warned that consumers deserve better from life insurers. This follows the Reserve Bank of New Zealand and Financial Markets Authority voicing their...

Financial Advice NZ 2019 Conference Wrap

A record 610 delegates attended the Financial Advice New Zealand 2019 Conference held in SkyCity Convention Centre in Auckland last week. This year’s Conference, themed...

Industry Responds to Survey Claiming Insurance Market ‘Not Working For Consumers’

Consumer NZ says consumers are not getting a fair deal, following the results of their latest survey research report ‘Fixing the insurance market’. Consumer NZ...

Licensing Fees Confirmed, Estimated 10% Drop in Advisers Under FSLAA

The Government has announced that the new regime for financial advice will come into force in June 2020, with the exact date to be...