commissions
Residential sales commissions dived in June and the outlook for July is not much better
16th Jul 24, 11:33am
48
Residential sales commissions dived in June and the outlook for July is not much better
Real estate agency commissions picked up in the second quarter but remain soft in Auckland
20th Jul 23, 9:31am
32
Real estate agency commissions picked up in the second quarter but remain soft in Auckland
The FMA's Clare Bolingford outlines why and how New Zealand is getting a conduct regime overseeing financial institutions, and what it means for customers
18th Sep 22, 6:00am
18
The FMA's Clare Bolingford outlines why and how New Zealand is getting a conduct regime overseeing financial institutions, and what it means for customers
Banks have talked the talk on reducing fees over the past two years. Have their actions matched this?
17th Mar 22, 5:00am
3
Banks have talked the talk on reducing fees over the past two years. Have their actions matched this?
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
22nd Jul 21, 5:00am
30
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
22nd Jan 20, 5:27pm
3
RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
Surprisingly major and direct changes in Australia to stamp out conflicted remuneration in the financial industry is a clear signal to New Zealand advisers, brokers, and others paid bonuses to distribute and sell
3rd Jan 20, 11:25am
10
Surprisingly major and direct changes in Australia to stamp out conflicted remuneration in the financial industry is a clear signal to New Zealand advisers, brokers, and others paid bonuses to distribute and sell
A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
6th May 19, 4:44pm
2
A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct
1st May 19, 3:04pm
4
David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct
Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
27th Apr 19, 10:30am
13
Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
ASB CEO Vittoria Shortt says 'huge agenda' of potential regulatory change could lead to price changes for bank customers & credit rationing
8th 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
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
6th 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
Aussie Royal Commission's final report lashes sales incentives & ex-BNZ boss Andrew Thorburn, brings bad news for mortgage brokers
5th Feb 19, 8:04am
29
Aussie Royal Commission's final report lashes sales incentives & ex-BNZ boss Andrew Thorburn, brings bad news for mortgage brokers
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
2nd Feb 19, 9:04am
1
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
Credit Suisse says potential for Royal Commission to recommend changes to mortgage broker remuneration could be lucrative for Aussie banks
21st Jan 19, 9:23am
Credit Suisse says potential for Royal Commission to recommend changes to mortgage broker remuneration could be lucrative for Aussie banks
Aussie Royal Commission tipped to recommend remuneration overhaul as FMA gives views on how banks should pay mobile mortgage mangers & mortgage brokers in NZ
7th 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
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
28th Nov 18, 4:55pm
2
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
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
29th Jun 18, 11:42am
3
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
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
17th May 18, 10:59am
16
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
16th May 18, 3:00pm
23
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
BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent
4th 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
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
22nd Mar 18, 1:17pm
4
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
4th Nov 17, 7:30am
26
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
Commerce and Consumer Affairs Minister ready to introduce to Parliament new legislation regulating financial advice
3rd Aug 17, 12:03pm
1
Commerce and Consumer Affairs Minister ready to introduce to Parliament new legislation regulating financial advice
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
19th 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