Two big questions in conduct law causing advisers concern, and its unintended consequences
The Financial Markets (Conduct of Institutions) amendment Bill raises a big question about the future of commission.
The draft allows that the FMA will have the power to regulate incentives, and defines incentives clearly including the definition of commission (in section 446P). The effect is that the FMA will have the power to ban all commissions if it wishes.
While MBIE assured Katrina Shanks at Financial Advice New Zealand that the commission model was not under threat, only incentives tied...MORE»
Partners life changes may not be big enoughTuesday, March 3rd, 4:16PM
Partners Life’s changes to IP will not be the end of the matter if reinsurer expectations of the market are correct – and further changes are probably inevitable. MORE» |
The struggle to be better at telling the story of insuranceMonday, February 10th, 8:00AM
I’m not really a writer, I’m a consultant that loves data and enjoys understanding the buying process so I can, hopefully, advise others on the marketing issues it exposes. MORE» |
It's time we got out and told the good story about insurance
Russell Hutchinson takes umbrage with the media bashing insurance; and says it's up to advisers to get out and tell the story.
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The beginning of a new year is a good time to review processes. Russell Hutchinson gives us five trends to focus on for 2020 and beyond.
MORE»Imagine being forced to give bad advice
It is not quite that bad, but this story – or cautionary tale – shows how a very restrictive approved product list affects advisers.
MORE»As Fred Dagg said: We don’t know how lucky we are
If you think the new Code of Conduct for financial advisers in New Zealand is bad, go and have a read of the Australian version.
MORE»What to do, what to do …
Although compliance with the Financial Advice Code should be a given there are some missing pieces from the puzzle of compliance under the new regime.
MORE»