Insurance

Conduct, not law, best way to deal with commission: FMA

Wednesday 8th of August 2018

As part of consultation of the Financial Services Legislation Amendment Bill, the Ministry of Business, Innovation and Employment made it clear it does not back a ban on commission.

It was raised as part of the earlier FAA review process, and touched on by submitters to the bill.

It told the select committee considering the bill that a ban would only reduce access to advice for in...

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