AFR on AMP - orphan policyholders and fee-for-no-service
Congratulations to winners of awards at the Financial Advice New Zealand conference

The direction of travel in remuneration

Commerce Minister Kris Faafoi confirmed the changes largely happening in the market with his speech to the Financial Advice New Zealand conference. The legal mechanism for this change looks likely to be a law based on the recent Conduct of Financial Institutions consultation paper. Link. The question on my mind is whether this is the destination, or simply the direction of travel - and further changes could come once the structure envisaged in the options paper is established. 


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