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Insurers order probe into whether commission is promoting 'churn'

25 Jul 15 - Stuff.co.nz - The lobby group for insurers has launched a probe into insurance commissions work out if they are skewing advice, and if so, what can be done about it.

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FSC commissions report on personal insurance sales incentive

24 Jul 15 - FSC - Media Release - The Financial Services Council (FSC) has commissioned consulting actuaries Melville Jessup Weaver (MJW) to investigate sales incentives in the personal insurance industry (life and income protection insurance) and to suggest remedies for any misalignment of incentives between salespeople and their clients.
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FSC launches commission investigation

25 Jul 15 - Good Returns - A “mini-Trowbridge Report” has been commissioned by the Financial Services Council, to investigate sales incentives in New Zealand’s personal insurance industry.
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Comprehensive review of balanced KiwiSaver fund returns June 30, 2015,

25 Jul 15 - Interest.co.nz - Bank and Insurance KiwiSaver schemes continue to dominate the Balanced Fund category, although only 0.5% separates a number of funds. The variance between the top funds has come down from 0.9% last quarter.

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The financial mistake one-third of parents make

19 Jul 15 - Yahoo - US - More than a third of parents with kids younger than 18 years old don’t have life insurance — an oversight that money experts say put your family in “serious financial jeopardy.”

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Latest News

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New KiwiSaver figures spark debate

26 Jul 15 - NZ Herald - The number of under-18-year-olds in KiwiSaver has dropped slightly in the month since the Government removed the $1000 kickstart in May's Budget.

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Options discussed to improve KiwiSaver

19 Jul 15 - Good Returns - A number of simple steps could dramatically improve the financial wellbeing of KiwiSaver members if there was industry collaboration to implement them, investor education workshops have been told.

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Latest Comments

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Avoid receiving a million dollar bill

25 Jul 15 - Interest.co.nz - How might you need to change your insurance cover if you move from a rental house to a rental apartment or townhouse?

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Take more interest in your KiwiSaver investment

19 Jul 15 - Interest.co.nz - A number of simple steps could dramatically improve the financial wellbeing of KiwiSaver members if there was industry collaboration to implement them, investor education workshops have been told.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand. It has 21 investment and life insurance members and 18 associate members. 

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Ph: +64 (0) 9 632 1131 

Email: fsc@fsc.org.nz

 PO Box 99581 
New Market
 Auckland

Suite 106, The Zone
23 Edwin Zone
Mt Eden, Auckland 1024
 
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