Articles tagged with 'soft commission'

Faafoi says some commissions will be banned

25 August 2019 - Commerce Minister Kris Faafoi tells advisers there won't be a ban on commissions, but some will go. 

Insurance report to hurt mortgage advisers: Newpark

15 February 2019 - The Financial Markets Authority and Reserve Bank's damning review of conduct and culture in the insurance industry will a "clear impact" on mortgage advisers as regulatory scrutiny heats up for advisers, says Newpark Home Loans boss Andrew Scott.

Fidelity Life cuts trips for advisers

4 December 2018 - Insurance advisers will soon no longer be able to access offshore incentives from any major life insurer in this country.

AIA/Sovereign confirms trips axed

22 November 2018 - AIA/Sovereign has confirmed it will stop offering overseas "recognition trips" to advisers.

Off-shore conferences off the cards

30 October 2018 - The Financial Markets Authority seems to have got its wish - overseas trips will soon be few and far between for insurance advisers.

Advisers welcome Partners' move to cancel trips

25 October 2018 - Feedback has been positive to Partners Life's move to step back from high-profile international conference. Now AIA and Sovereign question the future.

Minister 'encourages' providers to change soft commission structures

23 May 2018 - Commerce Minister Kris Faafoi says it’s disappointing to hear that the practice of offering trips as sales incentives to financial advisers is still widespread.

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.

Soft dollar commissions: What’s the problem?

16 May 2018 - It’s clear the Financial Markets Authority doesn’t like soft dollar commissions at all. But it’s hard to find any hard evidence in its report produced yesterday what the problem is.

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