Paul McBeth, writing in the National Business Review on Thursday said that the FMA decided to lean against the market as arbiter of what is fair. Although I am a strong advocate for the marketplace, I have to agree with the FMA on the problem of asymmetrical information, although I don't necessarily agree with everything in this guide, they are reminding us that we have a regulator for a reason.
« Capital Requirements for Advisers | Main | Things Customers Say: "Why would I need disability insurance when I've never been disabled?" »
The comments to this entry are closed.
My Other Accounts
Pages
Chatswood Overview Video
Industry Research Video
Chatswood Site News and Usage Permissions Video
Insurance Robo-Advice in NZ - Situation Review and Future Prospects
Chatswood Data Services
Outline of IFA Guided Discussion on the Use of Commission Models
Medical with Life Cover - Opportunity for Advisers and Clients
Direct Versus Advised - Comparing Effectively with Online Product Offers
Recent Posts
- Sovereign sharpens Level Life rates
- Code feedback piles up
- The Secret to Learning New Skills Twice as Fast
- Men's Health Week
- In case you missed it: the link to the RBNZ comments on commission
- Preventable Deaths
- Fidelity Life Product Enhancements
- Kepa appoints Brendon Neal as Chief Executive Officer
- Insurtech not a one-way bet
- Quant analysis shows "closing techniques" make no difference
Recent Comments
- Blackstagenz on Fair Go on life insurance non-disclosure
- J-P Hale on Fair Go on life insurance non-disclosure
- Maloneytweet on Fair Go on life insurance non-disclosure
- J-P Hale on What's ideal?
- PeerCoverNZ on A price on your head: determining the value of a 'life'
- J-P Hale on ASIC Takes First Action Against Adviser Based on Lapse Data
- J-P Hale on Australia: action against risk licensee over sales practices and best interests tests - and whether they apply here
- WillowgroveIns on Mental Health and Insurance
- Russell Hutchinson on Mental Health and Insurance
- Jphale7 on Mental Health and Insurance
Search
Categories
- AA Life
- ACC
- Accuro
- Adviser Groups
- Advisers
- AFA Code
- AIA
- AMP
- ANZ
- ANZIIF
- Art
- ASB
- ASIC
- Asteron
- Asteron Life
- Australia
- Bancassurance
- BNZ Life
- Books
- Cancer
- CIGNA
- Claims
- Co-op Bank Insurance
- Co-op Money
- Code Committee
- Code Working Group
- Commission
- Commission for Financial Capability
- Crombie Lockwood
- Current Affairs
- Customer
- Cybercrime
- Data
- Digital advice
- Direct Insurance
- Diversity
- Education
- Employers
- Exclusions
- FADC
- Fees
- Fidelity
- Film
- Financial Advice New Zealand
- Financial Trends
- Fintech
- FMA
- Food and Drink
- FSC
- FSCL
- Funeral plans
- Games
- Gen Re
- General Insurance
- Goodreturns
- Group
- Hannover Re
- Health
- Health Insurance
- HFANZ
- History
- IBANZ
- IDS
- IFA
- Income Protection
- Inland Revenue
- Insurance Council
- Insurtech
- Intelligent Life
- interest.co.nz
- Interest.co.nz
- ISO
- Journalists
- Judgments
- KiwiBank
- KiwiSaver
- KPMG
- Lending
- Life insurance
- Marketing
- MBIE
- Medical Assurance Society
- Mental Health
- Mercer
- Music
- Newpark
- nib
- Non-underwritten
- Ombudsman, Ins and Fin
- OnePath
- PAA
- Partners
- Pinnacle Life
- Pricing and Premiums
- Product features
- Professional Associations
- Professional IQ
- Quality Product Research
- Quotemonster
- Regulation
- Reinsurance
- Religion
- Reserve Bank of New Zealand
- RGA
- Risk
- rob stock
- RoboAdvice
- Sales
- Science
- Sorted
- Southern Cross
- Sovereign
- Sports
- Suncorp
- SwissRe
- Tax
- Television
- Tony Vidler
- TPD
- Trauma
- Travel
- UK
- Underwriting
- UNIMED
- United States
- Valuation
- Vertically integrated
- Web/Tech
- Weblogs
- Westpac Life
- Wills
- Zurich
Life Insurers
General Insurers
Insurance Advisers
Mortgage Advisers
Kiwisaver providers
Industry Organisations
- Safe Home Equity Release Plans Association
- Workplace Savings NZ
- Australian & NZ Institute of Insurance & Finance
- Financial Advisers Association of New Zealand
- Health Funds Assoc
- IFA
- Insurance and Savings Ombudsman
- Insurance brokers association of NZ
- Insurance Council of New Zealand
- Financial Services Council
- Co-op Money NZ
- NZ Bankers Association
- NZ Mortgage Brokers Association
- Office of the Retirement Commissioner
- PAA
Comments