TMM - News

Insurance report to hurt mortgage advisers: Newpark

Friday 15th of February 2019

Last month, the central bank and financial regulator slammed life insurers for the mis-selling and over-charging customers, and took aim at remuneration relationships between insurers and advisers. The FMA and RBNZ said high upfront commissions for advisers were "not acceptable", and they "expect" insurers to “review their commission structures and volume bonuses...

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