Insurance

QFEs fail on replacement business practices: FMA

Wednesday 18th of July 2018

It has completed a review of the insurance practices of QFEs around replacement business and found there are particular conflicts of interest they need to manage, and it's not convinced they're doing it.

The regulator found fewer than half the firms advised customers that replacing their insurance could lead to worse cover or loss of benefits.

Replacement business forms were used...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.