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Legal and regulatory update for the life and health insurance sector

Changes to QPR and Advicemonster Subscription Pricing

Effective 1 April 2021 pricing will change for QPR and Advicemonster subscriptions.

  • Quoting remains free! Quote on advisers!
  • There will be no increase for Admin/Compliance Logins which remains at $20 + GST per month
  • The retail rate for Research will increase from $113 + GST to $125 + GST per month
  • Annual Research subscriptions will increase from $1,130 + GST to $1,250 + GST (you get 2 months free compared to monthly!)
  • Advicemonster will increase from $50 + GST to $55 + GST per month.
  • Group pricing will be as follows:
    • For groups with 5+ advisers there will be a 10% discount applied to monthly pricing for QPR
    • For groups with 15+ advisers there will be a 20% discount applied to monthly pricing for QPR
    • For groups with 100+ advisers there will be a 30% discount applied to monthly pricing for QPR

With the implementation of FSLAA we have had a big focus on developing our services so that they are a robust support to your advice process. That means we have been working hard to ensure we meet and exceed requirements for an outsourced provider for our services Quotemonster, Research Reports, and Advicemonster. As part of the standard license conditions the Financial Markets Authority requires you to ensure that any provider you use in your advice process provides you with assurance that it meets standards suitable to support the services you provide to your clients. Subscribers to the research and advicemonster services will get a notification on the third of March and a link to our outsource provider statement. 

In order to meet the standards required by the increasing scrutiny of the legal and regulatory regime we are providing additional services, investing in better quality assurance in our core research service, and have been updating Advicemonster. All this requires investment in the quality of the services we provide. 

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