commissions

8 Feb 19, 11:17am
ASB CEO Vittoria Shortt says 'huge agenda' of potential regulatory change could lead to price changes for bank customers & credit rationing
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6 Feb 19, 8:59am
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
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5 Feb 19, 8:04am
Aussie Royal Commission's final report lashes sales incentives & ex-BNZ boss Andrew Thorburn, brings bad news for mortgage brokers
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2 Feb 19, 9:04am
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
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21 Jan 19, 9:23am
Credit Suisse says potential for Royal Commission to recommend changes to mortgage broker remuneration could be lucrative for Aussie banks
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7 Dec 18, 12:07pm
Aussie Royal Commission tipped to recommend remuneration overhaul as FMA gives views on how banks should pay mobile mortgage mangers & mortgage brokers in NZ
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28 Nov 18, 4:55pm
RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
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29 Jun 18, 11:42am
IAG the first big player in the finance sector to get rid of staff sales targets; Move comes in the wake of law changes in NZ and a royal commission inquiry in Australia
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17 May 18, 10:59am
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
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16 May 18, 3:00pm
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
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4 May 18, 9:54am
BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent
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22 Mar 18, 1:17pm
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
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4 Nov 17, 7:30am
The newly-minted Commerce and Consumer Affairs Minister commits to championing open banking, capping payday lenders' interest rates, and writing a code of conduct for the supermarket industry
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3 Aug 17, 12:03pm
Commerce and Consumer Affairs Minister ready to introduce to Parliament new legislation regulating financial advice
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19 May 17, 10:43am
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
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20 Apr 17, 9:36am
Major Aussie banks move quickly to act on recommendations they change how they pay retail banking staff, NZ banks 'support customer first obligations'
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27 Mar 17, 3:37pm
FMA report highlights financial advice inequality and raises questions around breadth of financial advice on offer to even those who can afford it
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20 Feb 17, 4:12pm
Financial advisers' disclosure requirements to be dealt with by regulation not legislation; Govt seeks to remain flexible on the matter
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13 Jul 16, 5:00am
Reviewed Financial Advisers Act to see consumers' interests put first, disclosure requirements beefed up, adviser categories simplified, and the path paved for robo-advice
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6 Jul 16, 2:02pm
Churn, trips to Vegas, and high upfront commissions in the life insurance sector, but what about the banking sector?
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