Fma.govt.nz

Financial Advice Provider (FAP) Financial Markets Authority

WebA financial advice provider (FAP) is an individual or entity (e.g. a company) that provides a "financial advice service". Find out more about licensing, registration, …

Actived: 8 days ago

URL: https://www.fma.govt.nz/business/services/financial-advice-provider/

Key terms under the CoFI regime Financial Markets Authority

Web(a) In relation to the relevant service of acting as an insurer, or an associated product, “consumer” means any of the following: (i) a policyholder under a consumer insurance …

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Insurance advice Financial Markets Authority

WebAn insurance adviser works with you to: Understand your needs. Work out what you can afford to pay in premiums. Find options to suit your situation. Explain the …

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Code of Professional Conduct for Financial Advice Services

WebThe Code of Professional Conduct for Financial Advice Services is prepared in accordance with Part 4 of Schedule 5 of the Financial Markets Conduct Act 2013 (the FMC Act). The …

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Insurance Financial Markets Authority

WebFMA monitors both insurers and the financial advisers selling insurance products to ensure they are delivering those outcomes. The Government is currently …

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Thinking of making a KiwiSaver hardship withdrawal

WebIf you’ve lost income due to COVID-19 you’ll understandably be feeling financially stressed. You may be considering a KiwiSaver significant financial hardship withdrawal as a short …

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Soft commissions in life insurance

WebMedia release MR No. 2018 – 18 16 May 2018. A Financial Markets Authority report published today details how nine life and health insurance companies …

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FMA cancels Foundation Advice Limited’s financial advice provider

WebFMA has cancelled Foundation Advice Limited (FAL)’s Financial Advice Provider (FAP) licence. FAL was an Auckland-based FAP offering advice on life and health insurance …

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A guide to the FMA’s view of conduct

WebA guide to the FMA’s view of conduct. Page 8. The provider’s checks and balances support good conduct, and identify and address poor conduct (including complaints and disputes …

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Conflicted remuneration (soft commissions) in the life and …

WebConflicted remuneration in the life and health insurance industry Financial Markets Authority 1 Executive summary Purpose of this report The main form of remuneration

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Peer-to-peer lending Financial Markets Authority

WebPeer-to-peer lending. Peer-to-peer lending providers match people who want loans with people who might be willing to fund those loans. You may be offered a high …

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Insurance conduct and culture: Fire and general insurers update

WebAbout this report This report summarises fndings from our evaluation of New Zealand fre and general insurers’ responses to the Life Insurer Conduct and Culture review …

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Financial Adviser Financial Markets Authority

WebTo use the term Financial Adviser from the start of the new financial advice regime, you must be registered on the Financial Service Providers Register (FSPR) and …

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How do I find an adviser

WebHow do I find an adviser? There are a number of ways you can choose a Financial Advice Provider. The key is to know what you want to achieve from that advice, …

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Conduct of Financial Institutions (CoFI) legislation

WebThe Financial Markets (Conduct of Institutions) Amendment Act 2022 amends the Financial Markets Conduct Act 2013 to ensure certain financial institutions …

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Consumer Vulnerability Framework

WebConsumer Vulnerability Framework Members of the Council of Financial Regulators (CoFR)1 have agreed on a common understanding of the characteristics of a vulnerable …

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Amended Identity Verification Code of Practice 2013

Webrelated to the customer; for example, a trusted referee cannot be their parent, child, brother, sister, aunt, uncle or cousin. the spouse or partner of the customer. a person who lives at …

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