Insurance

Reserve Bank calls for lower commissions

Wednesday 18th of May 2016

In a submission to the Ministry of Business, Innovation and Employment on its Financial Advisers Act review options paper, the RBNZ said commission was appropriate, provided the interests of the clients were considered and the structures did not threaten the viability of companies offering them.

But it said there had been anecdotal reference over a long period of time to the fact that Ne...

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