KiwiSaver and risk, how far out of bounds are we?
I ask the question, as I have through the consultation process, as I still don’t have clarity on the connection between the FMA guidance on general advice on KiwiSaver and the new rules that will apply to us.
Going forward, there is no class advice provision; it is the supply of information or full advice, with nothing in-between.
What organisations’ scope’ as their advice is going to be a whole different discussion for later, but class advice as we know it, is off the table.
In NZ, we have a problem with KiwiSaver and default funds, and on the most part, outside the banking...MORE»
Commissions - upfront and pendulumWednesday, June 5th, 6:29AM
The discussion on high trails and lower upfronts, while this is quite aspirational, frankly it is somewhat of a misnomer. MORE» |
Advisers put in hours of unpaid workWednesday, May 22nd, 10:10AM
We've had a great couple of pages from Naomi and Partners Life on commissions, and it has been excellent to see an insurer standing up and speaking out on this issue surrounding advisers and their livelihoods. Not many are. MORE» |
What is retrospective risk?
Any review work you do as an insurance adviser that does not address the suitability risk of past advice, is potentially going to bring that into focus as today's advice issue for you.
MORE»Rules set to get a lot tougher for many advisers
I finished off before Easter talking about the health and safety experience, which is something we have been watching and involved with at some level.
MORE»Part 2: FSLAB & FADC and what it means for us RFAs
In the second part of his commentary on the recent FADC case, adviser Jon-Paul Hale says the requirements expected of advisers is likely to cause havoc.
MORE»FADC case shows RFAs face big challenges under new laws
While it has been no surprise with the passing of FSLAB, we now have confirmation that the light at the end of the tunnel is, in fact, the oncoming train.
MORE»Churn keeps coming up in discussions, everywhere. In the insurers, with advisers, and with regulators.
Churn: The movement of cover form one provider to another for the sole benefit of the adviser and what they earn
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