Financial Advisers Act
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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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
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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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
Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators
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Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators
Questions raised over NZ's financial services consumer dispute resolution model with the four competing schemes incentivised to sell themselves to the industry
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Questions raised over NZ's financial services consumer dispute resolution model with the four competing schemes incentivised to sell themselves to the industry
Govt seeks feedback on what tough disclosure requirements to curb conflicted advice should look like in the absence of a ban of commissions
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Govt seeks feedback on what tough disclosure requirements to curb conflicted advice should look like in the absence of a ban of commissions
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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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
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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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
FMA fast-tracks access to robo-advice at a rate slower than expected; Prioritises greater oversight at the expense of more red tape
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FMA fast-tracks access to robo-advice at a rate slower than expected; Prioritises greater oversight at the expense of more red tape
Sovereign customers warned AIA takeover could give incentivised advisers an in to encourage them to switch policies
Sovereign customers warned AIA takeover could give incentivised advisers an in to encourage them to switch policies
Consumer credit contract providers celebrate successfully lobbying the Government to exempt them from new financial advice regulation
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Consumer credit contract providers celebrate successfully lobbying the Government to exempt them from new financial advice regulation
Commerce and Consumer Affairs Minister ready to introduce to Parliament new legislation regulating financial advice
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Commerce and Consumer Affairs Minister ready to introduce to Parliament new legislation regulating financial advice
Commerce and Consumer Affairs Minister dubs FMA's plan to fast-track the legalisation of robo-advice 'quite edgy' despite only learning what Blockchain is 6 weeks ago
Commerce and Consumer Affairs Minister dubs FMA's plan to fast-track the legalisation of robo-advice 'quite edgy' despite only learning what Blockchain is 6 weeks ago
FMA keen to see personalised robo-advice enabled in New Zealand sooner than the law would otherwise allow
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FMA keen to see personalised robo-advice enabled in New Zealand sooner than the law would otherwise allow
Less 'would you like fries with that' and more 'needs-based conversations' expected from ANZ staff, as bank changes its remuneration structure
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Less 'would you like fries with that' and more 'needs-based conversations' expected from ANZ staff, as bank changes its remuneration structure
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated