News Life and Health23 Mar 2018

New Zealand:Regulator highlights lack of awareness of conflicted conduct

| 23 Mar 2018

Financial advisers can earn significant upfront commissions - up to 230% of the first year's premium of a "new" or replacement life policy - and other additional incentives such as qualifying for overseas trips, says the Financial Markets Authority (FMA) in a report published this week into its ongoing review of conflicted conduct and insurance replacement business practices among financial advisers.

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