Financial advisers warned by FMA over insurance policy ‘churn’
Report finds advisers can earn “significant” upfront commissions of up to 230% of the first year's premium.
Hot Topic
Hawke’s Bay
The Financial Markets Authority has issued warnings to four registered financial advisers (RFAs), after the release of a report into insurance replacement business practices among advisers.
The report, which follows a 2016 FMA review into insurance replacement, reveals a “clear connection”
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Dane Ambler
Thu, 22 Mar 2018
Thu, 22 Mar 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Financial advisers warned by FMA over insurance policy ‘churn’
74101