NZFSG cans awards
The country's largest dealer group, NZ Financial Services Group, has canned its awards as it doesn't want the wrath of the regulator.
NZFSG traditionally hands out awards to its advisers and groups based on volumes of business written. However, the recent roadshow was awardless.
It says it put the awards on the table with regulators, "but we sort of got the sense that this is not a good look," NZFSG chief executive Brendon Smith said at the group's recent roadshow.
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