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Servicing adviser should get trail
Insurance

Servicing adviser should get trail

Forget about upfront commissions, one adviser says churn should be tackled by allowing trail commissions to be paid to the servicing adviser – not simply the person who sold the product in the first place.

Thu, Feb 21st 2019 06:00AM
Claims hit nib's bottom line

Claims hit nib's bottom line

2 min read
Regulators 'may misunderstand' legacy products

Regulators 'may misunderstand' legacy products

3 min read
Asteron: Working closely with regulators

Asteron: Working closely with regulators

1 min read
Sum-insured remuneration model progressed

Sum-insured remuneration model progressed

4 min read
Advisers taking lead on complaints processes

Advisers taking lead on complaints processes

3 min read
Level premiums for life among Asteron changes

Level premiums for life among Asteron changes

2 min read
Pipeline of new advisers could be stopped

Pipeline of new advisers could be stopped

3 min read
Govt confirms: Commission in the gun

Govt confirms: Commission in the gun

3 min read
Advisers told: Get ready for major change

Advisers told: Get ready for major change

5 min read
CONSUMER REACTION: We told you so

CONSUMER REACTION: We told you so

2 min read
FSC REACTION: We welcome the report

FSC REACTION: We welcome the report

2 min read
CFCC REACTION: Consumers at mercy of advisers

CFCC REACTION: Consumers at mercy of advisers

2 min read
FINANCIAL ADVICE NZ REACTION: Consumer focus welcome

FINANCIAL ADVICE NZ REACTION: Consumer focus welcome

2 min read
Regulators: Life insurance needs to change

Regulators: Life insurance needs to change

4 min read
Asteron makes tweaks to help customers

Asteron makes tweaks to help customers

2 min read
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Latest Comments
Surge in complaints against advisers
Susan Taylor is not THE financial ombudsman. We have an appointed Banking Ombudsman who is Nicola Sladden but there is no financial ombudsman per se. Susan Taylor is the CEO of Financial Services Complaints Limited (FSCL) a dispute resolution scheme which after a protracted court battle has now been allowed to use the term ombudsman in its name. FSCL’s website is now stating that they are “a financial ombudsman service” Susan Taylor in addition to being their CEO is also calling herself Financial Ombudsman. Just felt it was important to highlight the above when this article is all about people making instant judgements about others.
1 month ago Simon Rule
Business funding landscape change
As reported yesterday Kiwibank is owed just over $1.8 million now after the collapse of the Solar Group, while the Inland Revenue is owed around $933,675. The people in charge at Kiwibank think they don't need to run it like a real bank because of its taxpayer backing. Their attitude has always been they can just go back to the Government (taxpayer) for more money if needed. A lot of their lending decisions are based around this.
1 month ago Simon Rule
Trust Management starts push into financial advice market
Exciting to see Trust Investments stepping into the financial adviser space with such clarity of purpose and vision. After years of delivering thoughtful, values-driven outcomes for institutional and for-purpose clients, their expansion brings a welcome addition to adviser portfolios - with their Global Bond Fund providing a relevant alternative to some of the traditional approaches.
1 month ago Clayton Coplestone
Salt's Long Short Funds delivers the manager a big payday
I mean seriously, it's not really a benchmark that is a true test of skill is it?. It's set at such a level that a passive exposure would pay performance fees. From Salts own fact sheet, since inception the benchmark has returned 7.45% and also from Salts own fact sheet a passive NZX/ASX exposure return of 8.66% per annum. Congrats, you've underperformed your own passive comparison by 1.2% per annum before fees! It gets real spicy if you take a passive, hedged exposure to SPX. Now your benchmark is underperforming a passive exposure by 7% per annum. Don't really see the point of the the fund, not even volatility reduction as it looks like the fund participated fully in the drawdown during Trump 1 and COVID.
1 month ago Barry Peters
Big, fat beautiful fees
FYI - It is NOT the bank's data. If I as a banking customer agree that the fintech may have access the banks can't stop or charge for that data. If they do I can charge the bank for using my data. What ius good one way should be good the other as well.
1 month ago Martin Frauenstein