Insurance
Advisers told to meet changes or become extinct
Monday 23rd of April 2007
Chote, who welcomes the move for greater disclosure and regulation in the industry, says there has been a “void” in terms of standards in the industry.“The standard has been ‘we made a sale’ and that is just wrong.”
What he calls the “sales culture” in the industry has been sending the wrong incentives.
“A lot of people say New Zealanders don’t want to pay for financial advice. I don’...
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