
Insurance
FSC: Industry has heard commission concern

Friday 30th of November 2018
As part of its Financial Stability Report, the Reserve Bank said New Zealand’s commission rates were out of step with the rest of the world.
At 20% of revenue, they were significantly higher than the second-placed market, Mexico, at about 13%.
The FSC responded in a statement, saying that the sector was going through significant regulatory, technology and market change.
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