Concerns over NZFSG-Kepa deal
NZFSG and Kepa announced their merger this month, a transaction which will create a national dealer business with more than 1,600 members, settling $17 billion of mortgages and issuing $30 million of life insurance premiums.
As the dust settles from the group's announcement, advisers have privately expressed concerns that the deal will reduce competition in the adviser space.
Advisers have contacted TMM Online over fears that the combined NZFSG-Kepa organisation will have too big a share of the market, and are concerned that there will be reduced choice for mortgage brokers as sector consolidation continues.
Brokers fear the dwindling choice in dealer groups may lead to increased costs for adviser businesses.
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