About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, August 16th, 12:08PM
rss
Latest Headlines

[GRTV] The future of insurance commissions

Commerce Minister Kris Faaoi talks to Philip Macalister on Good Returns TV about the future of commissions, law changes planned and churn.

Wednesday, April 18th 2018, 10:40AM 2 Comments

Tags: Churn

« Kepa takes stake in member businessQuotemonster branches into advice »

Special Offers

Comments from our readers

On 23 April 2018 at 9:37 pm kmacnz said:
Its a laugh that Faaoi has already decided that high upfront commissions is not an issue. Australia has already done the hard work for us, cap commissions so the advisers stopped ripping us all off! Humans are humans, ridiculous incentives drive terrible outcomes.
On 24 April 2018 at 9:51 am Dirty Harry said:
How, exactly, will they 'hear from consumers"? Genuine question. Track record on this is not great.

@kmacnz you need some good evidence regarding your statements. If you look, you might find that in Australia churn has got worse, not better. Australia is also showing us right now with their Royal Commission that it's the providers who are the rip, not not advisers. Our FMA report into replacement and incentives showed that out of thousands of advisers, all of whom are subject to your alleged incentives, just 24 needed action over replacement business.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs
News Bites
Latest Comments
  • Shanks meets Faafoi
    “Eyeinthesky & Pragmatic, I don't agree that it is a lost cause. Having an adviser presence within the committee at this late...”
    2 hours ago by Ron Flood
  • Shanks meets Faafoi
    “I'm afraid the CWG ship has sailed... with any adviser representation at this very late stage simply tokenism...”
    8 hours ago by Pragmatic
  • Shanks meets Faafoi
    “Isn't this all a bit late in the piece? One adviser only on the CWG wont make a bean of difference....”
    1 day ago by Eyeinthesky
  • Getting to grips with responsible investing
    “Hi John Have to disagree on that. Even if returns are the same, and the theory suggests that they will be lower in the...”
    1 day ago by Brent Sheather
  • Getting to grips with responsible investing
    “There is also a growing body of evidence supporting the incorporation of ESG considerations into the investment process leads...”
    1 day ago by Michael Gray
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com