Articles tagged with 'Insurance Advisers'
Patten takes down broking shingle after 16 years
18 July 2018 - Veteran mortgage adviser Bruce Patten has hung up his shingle as a broker and moved into a new role at the NZ Financial Services Group.
Commission model swaps one problem for another: Ballantyne
18 July 2018 - A new commission structure proposed for the industry is unlikely to solve any of the perceived problems with the existing one, an insurer says.
How automated is your business?
16 July 2018 - With the onset of regulation and the discussion around disclosure, where MBIE is looking to not have a full disclosure document.
Needs analysis and your advice process
2 July 2018 - Now this is been scratching away at my brain for a while. With the many advice processes discussed, in conversations with advisers over the years, I still struggle with two fundamentals when it comes to risk management and life cover planning.
Severn: Change focus of incentives
21 May 2018 - Insurance companies should put some of the money they spend on soft commissions towards promoting consumer education programmes, creating career paths for new advisers and educating existing advisers, the chief executive of the PAA says.
Soft commission schemes untenable under new regime: FMA
17 May 2018 - Many soft commission incentives currently offered to financial advisers will not be able to continue under new advice laws, the Financial Markets Authority says.
Advisers, not consumers benefit from soft commissions: FMA
16 May 2018 - Insurers' soft commissions and sales incentives may be setting advisers up to fail in their obligation to exercise care, diligence and skill for their clients, the Financial Markets Authority says.
New way to do overseas trips
8 May 2018 - Jon-Paul Hale defends overseas trips for life insurance advisers and comes up with a new way of doing them which would kill all the bad press around them.
Claims – the case for applying
10 April 2018 - Many policyholders don't make claims on their life insurance, when they should do Russell Hutchinson says. He reckons, even if in doubt, make a claim and let the company decide.
Question: Can you define what you do?
20 March 2018 - Good Returns' new insurance columnist, Jon-Paul Hale, kicks off by asking advisers as simple question: "Can you define what you do?" It may sound simple, but the answer could be difficult.
Broker pleads guilty
16 March 2018 - An insurance broker who was convicted of fraud a decade ago has pleaded guilty to new charges brought by the Financial Markets Authority.
Law review terms released
6 March 2018 - How insurers deal with unintentional non-disclosure is likely to be a significant aspect of the review of New Zealand’s contract law.
Platforms' commission question
28 February 2018 - Platforms offering no advice receive the same insurance commission rates as financial advisers offering personalised guidance on insurance products.
Financial planning and insurance advice
10 January 2018 - Nigel Tate recently commented on the foundation of the new member advisory committees for FANZ that he would like to position financial planning as a distinct...
Getting to Know: Paul Sewell
15 December 2017 - After a stint in banking, it was a newspaper article that prompted Paul Sewell into financial advice.
Financial Advice NZ recruiting
12 December 2017 - New professional association Financial Advice NZ appears to be addressing concerns about how it will represent all strands of advice, by opting for a system of colleges.
Working group outlines new code's principles
1 December 2017 - Investment advisers look unlikely to need to meet higher competence standards under the new code of conduct for the industry.
Adviser explores what it will take to engage consumers
27 November 2017 - A New Zealand insurance adviser is working on research to determine how much of a discount insurers will have to offer to make customers think it’s worthwhile sharing their activity tracker data.
Stop filling out forms for clients: IFSO
22 November 2017 - A client whose policy was avoided because he did not disclose health issues is a reminder to advisers that completing insurance applications on behalf of clients can be risky, the Insurance and Financial Services Ombudsman says.
A survival guide for financial adviser licensing
21 November 2017 - All financial advisory businesses will begin a mandatory licensing process, but do not fear, the FMA comes in peace, John Berry says. In the first of two-part commentary he shares his views on what to expect and how to prepare for change.
Quality mark questions
9 November 2017 - A quality mark system is coming - but what will it mean, and how will it fit with the CFP designation?
Getting to Know: Jon-Paul Hale
20 October 2017 - Insurance adviser Jon-Paul Hale wants to see the industry working together much better.
Getting to Know: Anand Srinivasan
6 October 2017 - Anand Srinivasan has been making waves since he gave up working for a provider to work for himself.
Transparency, simplicity 'key for insurance growth'
28 September 2017 - More needs to be done to ensure that insurance products and advice are transparent and easy to understand, industry commentators say.
Clients complain about advisers
21 September 2017 - Financial advisers who did not explain their terms of business, in particular their fees, who did not action client requests to change or cancel policies, and issues of disclosure were some of the most common causes of complaints about advisers over the past year, IFSO says.
Online offer 'more than quote and compare'
14 September 2017 - A new insurance advice firm is promising consumers a more in-depth online service.
FMA outlines plans - has eyes on advisers
30 August 2017 - The Financial Markets Authority is laying out how it plans to use its new, increase level of funding – and advisers can expect to receive its attention.
Getting to Know: Reagan Bax
25 August 2017 - Is Reagan Bax, brother of model Kylie Bax, the only member of the NZ financial advice sector to have played golf with Donald Trump?
Pro-bono work recognised
18 August 2017 - A pro bono initiative run by the Southland branch of the IFA could be replicated across the country when Financial Advice NZ becomes operational.
Get basics right: Ballantyne
9 August 2017 - Naomi Ballantyne, Managing Director of Partners Life, talks about adviser businesses and getting them ready for the future, plus an update on their upcoming roadshow.
Goal-based insurance planning
9 August 2017 - It still strikes me as amazing that lots and lots of home loan insurance is sold and not very much “you get to keep your home” insurance is sold.
Bawden's business rebrand
4 August 2017 - RE/MAX New Zealand is rebranding its finance arm which is run by Geoff Bawden.
Awards to industry's finest
4 August 2017 - Industry stalwarts and newcomers have been recognised with awards at this year’s joint IFA/PAA conference.
More than insurance advice
25 July 2017 - Imagine an adviser presenting a large per-mile loading for motorbike racing. The client is looking at the choice between the exclusion and the eye-wateringly large cost with the loading. How do they respond?
Review a resounding win for the 'big end of town'
19 July 2017 - Murray Weatherston, a founding member of SIFA, talks to us about the Financial Adviser Review Act, where it’s going and some of his thoughts on it.
Lyndal Cruickshank Brunt joins Plus4 Insurance Group
13 July 2017 - Plus4 Insurance Solutions, the national insurance advisory and financial services group, today announced that Lyndal Cruickshank Brunt, a Registered Financial Adviser based in Queenstown, has joined the group.
Review of insurance contracts law coming - but what will it cover?
22 June 2017 - A review of insurance contracts law has been described as "well overdue".
Give FMA insurance expertise: IMF
1 June 2017 - The International Monetary Fund has outlined the improvements it thinks should be made to the regulation of insurance and insurance brokers in New Zealand.
Releasing claims data not straightforward: Insurers
28 October 2016 - New Zealand insurers offering life and health insurance would need to change a number of processes before they could start publishing data on the number of claims they accept.
Dormant products drive replacement business: Adviser
23 September 2016 - There are calls for insurers to do more to help clients with “dormant” products that are becoming increasingly uncompetitive as the insurance market evolves.
The cost of convenience
5 September 2016 - The trend towards selling non-underwritten cover is growing.
Women left behind
7 July 2016 - Financial advisers are being urged to consider what they can do to get more women engaged with their financial futures.
What do you cut when something has to give?
23 May 2016 - What’s the right process for cutting cover when the client’s budget is tight?
New adviser group launched
7 April 2016 - A new adviser group, mySolutions has been launched which aimed at filling a gap for insurance advisers.
Triplejump franchises set up independent firm
7 April 2016 - After nine years as a Triplejump franchisee, Auckland insurance advisers Jamie Lester and Heath Cleland have made the leap to operate independently under the own brand, Advice Plus.
Court battle costs broker everything
22 March 2016 - A Napier-based insurance adviser says his reputation is in tatters after being dragged through a court case.
