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.
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”
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Dane Ambler
Thu, 22 Mar 2018
Thu, 22 Mar 2018
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Financial advisers warned by FMA over insurance policy ‘churn’
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