Articles tagged with 'Jon-Paul Hale'
Full licencing - what does it look like?
21 September 2021 - Now the dust from March is settling and advisers have got their heads around most of what is required, it's time to start pushing forward with getting full licensing done.
Death by 10,000 paper cuts
7 September 2021 - The advice industry is undergoing much change, and you could be forgiven if you hadn't noticed what's happening to our brethren - mortgage advisers.
Policy Servicing: What to do now and how is Covid changing things
24 August 2021 - We well know that calling the provider, it doesn't matter who or what discipline, the chance of getting a 100% accurate answer is unlikely.
Income protection: Why taxable losses are not the right advice
3 August 2021 - Frankly, there are only two reasons loss of earnings, agreed or indemnity, is sold over agreed value - the commission is more, and the work required is less than doing non-taxable agreed.
The FSPR is moving in directions we haven’t discussed
20 July 2021 - The industry has been watching the ups and downs of the Financial Service Providers Register (FSPR) like a hawk, and it seems we are finding the data somewhat less helpful than we anticipated.
Complaints and the problem with professional indemnity insurance
22 June 2021 - We've all seen the renewals for various PI schemes starting to be published and it would be fair to say people are experiencing a bit of shock.
Educating the educated - Code Standards 6, 7, 8 and 9
8 June 2021 - Yes, it is somewhat of a minefield and the further down the rabbit hole you go the less sense it makes.
Keeping up - but not with the Kardashians
27 May 2021 - Education is one area we need to spend more time on than we have previously budgeted and considered, although we all knew it was coming.
Slow to adapt and fixed in our ways - the problems with life cover
17 May 2021 - I think there's an awful lot of "we do it this way because we have always done it this way" going on in the life insurance industry right now.
It's time to get serious about advice
4 May 2021 - I was challenged the other day when I was told, "you have to stop thinking about financial planning as being something unrelated to life insurance advice".
If in doubt - disclose
19 April 2021 - How's that strange new world looking, different or much the same?
Have you been thinking enough about qualifications?
6 April 2021 - Welcome to the New World, the most significant piece of financial legislation enacted in New Zealand, and it's an amendment Act.
Client servicing is a big issue under the new rules
22 March 2021 - Jon-Paul Hale reckons the way advisers "service" clients under the obligations of the new financial advice regime is going to be challenging.
Getting cross over Cancer cover
22 March 2021 - Jon-Paul Hale's recent column on Southern Cross Cancer Cover Plus got the company, well, cross. Here's the latest.
Guaranteed medical cover policy wordings
23 February 2021 - Jon-Paul Hale on the future security of insurance cover, unacceptable levels of risk for clients and sneaky exclusions to be wary of.
Pros and cons with life policy structures
2 January 2021 - In a continuation from his earlier article Jon-Paul Hale discusses the different policy structures and where the fishhooks lie.
'Bullying' banking conduct
4 December 2020 - Advocating for your client is a fundamental aspect of being an adviser – even if that means making yourself "a pain in the arse", writes Jon-Paul Hale.
Does liability for advice stop when clients are sold?
13 November 2020 - Jon-Paul Hale questions whether an adviser, under the new regime, will still be responsible for the advice given after selling a book of clients to another adviser/FAP.
Should you stay, or should you go?
8 September 2020 - There still seems to be a delay in some advisers getting their transitional licence – insurance adviser Jon-Paul Hale with a follow-up to his article Tied Agency 2.0.
Level five isn't the big issue for advisers; It's something else
2 September 2020 - Insurance adviser Jon-Paul Hale says advisers are getting hung up on level five qualifications, when the real issues they should be focusing on are much bigger.
Tied Agency 2.0 – spelt out
5 August 2020 - Jon-Paul Hale on why you need to get your transitional licence sorted asap.
Some sense with regulation
27 July 2020 - Recent discussion papers show "sense is prevailing" says Jon-Paul Hale.
Partners Life market changes
16 July 2020 - Jon-Paul Hale with his critique of the Partners Life commentary and what to watch when considering replacement business.
To FAP or not to FAP, the update
30 June 2020 - Jon-Paul Hale on licensing, commission structure changes and the benefits of dealer groups.
The Covid edition
29 May 2020 - The future is bright for those focused on the right outcomes for clients says Jon-Paul Hale.
Putting the case for income protection
25 February 2020 - The concluding part of Jon-Paul Hale's IP series; reducing cover levels will increase pressure on the already strained public health system.
Good customer outcomes, where did this term come from?
18 February 2020 - Sorry team, I think I introduced it. Driving good customer outcomes has been a piece of language I have been using for a good 3-4 years when no one else was.
Health system not helping income protection claims
12 February 2020 - Jon-Paul Hale's third of four articles on income protection; recent critique of the length and motivation for IP claims and how public health and IP don't collide well.
Immigrants have differing view of income protection
3 February 2020 - In the second part of his series on income protection sustainability, Jon-Paul Hale says there is a cultural side to claims which is overlooked in research.
Income protection sustainable or just more noise?
22 January 2020 - The future of income protection insurance is likely to come under more scrutiny this year. In the first of a four-part series Jon-Paul Hale takes aim at some claims made by Partners Life.
My wildly unhelpful prediction …
12 December 2019 - I said to a colleague about two months ago that based on the 2010 change, 90% of advisers will miss the June 2020 deadline. They disagreed – they may well be right – I hope they are.
Policy ownership, a simple concept?
7 November 2019 - It seems it's not. And given the time and dialogue, I need to name names on this issue.
As confusion reigns and opinions are strong, is it all a bit much?
31 October 2019 - There are so many options for advisers under the new regime; licensing, coming under a licence, packing it in, or working for a bank or insurer. Jon-Paul Hale says the answer is quite simple.
What is the advice risk?
21 October 2019 - You could be forgiven for keeping your head down, servicing clients and paying the bills. And frankly, we all need to be doing that.
To FAP or not to FAP, that is the question
3 October 2019 - There is plenty of ongoing discussion in the market around this question but should we also be asking – who owns the clients?
Finally, a breath that suggests it's not all about the advisers and their advice
1 October 2019 - As an insurance adviser, one of the challenges with the rhetoric that has been thrown around over the last few years, you could be forgiven for thinking we're the new whipping post.
The willful ignorance of a miopic point of view
10 September 2019 - Sounds angry and somewhat is. It comes from constantly being told that commission-based sales people, especially life insurance advisers, are bottom-feeding scum of the earth.
More work needs to be done on policy ownership
30 August 2019 - Getting the ownership of life insurance policies right is critical; but one bank has no idea, Jon-Paul Hale says.
Partners: Nominated beneficiaries too much of a grey area
28 August 2019 - Partners Life’s confirmation that it will not accept nominated beneficiary requests is about ensuring advisers don't put themselves in a position where their guidance could prove incorrect, its managing director says.
Chicken Little and the falling sky
12 August 2019 - It’s been said to me before, J-P how about looking at the glass being half full? Funny thing is the human brain is naturally a bit pessimistic, 60/40% if the studies I’ve read on the subject are right.
Southern Cross – service or not?
26 July 2019 - Jon-Paul Hale gives his take on what Southern Cross's change to trail commissions means for advisers.
Advisers slam Southern Cross commission change
24 July 2019 - Advisers are unimpressed by Southern Cross’s move to limit trail commission.
Ideal client outcomes
23 July 2019 - There seems to be a renewed amount of noise on what an ideal client outcome looks like. And to be frank, I haven’t seen or heard a definition of one that is clear, concise, and simple.
Our new code
24 June 2019 - We've had plenty of commentary on the code, suffice to say the general feeling has been it is simpler more straightforward.
KiwiSaver and risk, how far out of bounds are we?
10 June 2019 - 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.
Commissions - upfront and pendulum
5 June 2019 - The discussion on high trails and lower upfronts, while this is quite aspirational, frankly it is somewhat of a misnomer.
Givealittle no competition for insurance
29 May 2019 - Fundraising sites are more likely to serve as a reminder of the importance of insurance than to take its place, local industry commentators say.
Advisers put in hours of unpaid work
22 May 2019 - 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.
What is retrospective risk?
6 May 2019 - 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.
Rules set to get a lot tougher for many advisers
29 April 2019 - 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.
Part 2: FSLAB & FADC and what it means for us RFAs
23 April 2019 - 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.
FADC case shows RFAs face big challenges under new laws
11 April 2019 - 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.
Churn keeps coming up in discussions, everywhere. In the insurers, with advisers, and with regulators.
25 March 2019 - Churn: The movement of cover form one provider to another for the sole benefit of the adviser and what they earn
Conduct and culture, the bits we should be talking about
11 March 2019 - From the comments around the industry in the last couple of weeks, the commission thing has been and has always been a red herring.
Chatter about churn and commission
4 March 2019 - Given the latest chatter about commission, I thought dusting this off was appropriate now.
Commission: The gun that needs to be in the right hands
25 February 2019 - Commission, it's like a gun, it's neither good nor evil until it is put in the hands of a human.
Rough start to the year
18 February 2019 - We've had a reasonably rough start to the year with reporting and political tub-thumping. Between the Reserve Bank report, the Australian Royal Commission report, and the governments on both side of the Tasman, it's fair to say Financial Services has had a rough time.
Insurance conduct report shows lack of understanding: Adviser
4 February 2019 - We have a report from the Reserve Bank about the insurance industry, and it's pretty rough, but it's misguided. Adviser Jon-Paul Hale explains why.
Pipeline of new advisers could be stopped
1 February 2019 - A crackdown on high upfront insurance commissions could cut off the number of new advisers coming into financial services, it has been warned.
How organised are you?
21 January 2019 - After a nice summer break, it's time to start thinking about dusting the pen off for the new year.
2018, more time will tell
1 January 2019 - It’s been an interesting year and one that suggests there has been a level of change we’ve not seen in our industry for some time.
So what are you going to do differently?
3 December 2018 - So here we are, the countdown to Christmas is upon us and the year in the rear view is almost complete.
Servicing, company agencies and the legislation
19 November 2018 - Geoff Annuls weighed into the servicing debate a couple of days ago, and while a reasonable article, failed to cover a few pertinent points.
Tackling a biggie…
5 November 2018 - Adviser Churn, is it churn, beneficial rearrangement or just plain old advice?
Code of Conduct and CWG submissions
26 October 2018 - We now have The Code of conduct for us released for feedback, and feedback you need to provide. Take the time and respond.
How do you get started with moving forward
22 October 2018 - Ok, so if you have been following we’ve talked independence, industry and dealer groups.
The Dealer Group
8 October 2018 - Picking up from my previous article where we need to look to set the bar somewhere around where an AFA is practising, so how do you do this and run a business?
The week that was
1 October 2018 - It was an interesting last week in the news, and there are few things that touch on what we do as insurance advisors.
Are you getting the support you need?
25 September 2018 - I ask this question as there is a pertinent perspective from this with what we will need to be dealing with in the next couple of years. Unless you have been living under a rock, you’ll know regulation changes are coming; this isn’t about what that’s about.
The lost advisers
10 September 2018 - No, they're not hiding, but they have been left out of much of the general discussion on the regulation changes coming.
Insurance conduct regulation's missing piece
29 August 2018 - More oversight is needed of insurance companies’ conduct, to fill a gap in regulation of the New Zealand market, one commentator says.
Who is being served?
27 August 2018 - No, not are you being served, who is being served?
Six-step process
30 July 2018 - Now that you've seen a bit of what I'm thinking, you're getting the idea I'm looking to challenge the status quo somewhat.
