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.
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»
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QFEs fail on replacement business practices: FMAWednesday, 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. MORE» |
Commission model swaps one problem for another: BallantyneWednesday, 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. MORE» |
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