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Last Article Uploaded: Thursday, July 19th, 8:59AM
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Advisers vindicated in latest report

Advisers have been vindicated by a report that unearthed serious problems with many of the country’s biggest qualifying financial entities (QFEs), one product provider says.

Thursday, July 19th, 6:00AM

The Financial Markets Authority yesterday released its report into QFE insurance replacement business practices, which found many were putting profits before client interests.

The regulator is considering action against three.

It follows earlier research into the way independent financial advisers dealt with replacement policies, which raised concerns that commissions were incentivising them in a way that was detrimental to clients...MORE»

QFEs fail on replacement business practices: FMA

Wednesday, July 18th, 1:00PM

The FMA is considering regulatory action against three QFEs because of failures in the way they deal with insurance replacement business.


Commission model swaps one problem for another: Ballantyne

Wednesday, July 18th, 6:00AM

A new commission structure proposed for the industry is unlikely to solve any of the perceived problems with the existing one, an insurer says.



Previous News

How automated is your business?

Monday, July 16th, 8:30AM

With the onset of regulation and the discussion around disclosure, where MBIE is looking to not have a full disclosure document.


Proposed commission model 'cross-subsidisation'

Wednesday, July 11th, 10:05AM

A new commission model proposed is a nice idea but won’t work, one former insurance company boss says.


Potential payday for purchasers of Tower book

Monday, July 9th, 2:34PM

Foundation Life is beginning the process of winding up its operations in New Zealand, which could hand its shareholders a windfall.


Did the Australian Royal Commission change everything? Or had everything changed already?

Monday, July 9th, 9:34AM

Long-run changes have a habit of creeping up on us. Gradually, society changes, but we pin the ‘big change’ on one emblematic moment.


AIA completes Sovereign deal

Monday, July 2nd, 5:53PM

AIA International Limited has successfully completed its acquisition of Sovereign - but both brands will operate in the market for now.



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