Growing your advisory business by book acquisition could mean biting off more than you can chew.Strategi's Dave Greenslade cautions business owners not to buy a book that is so large it would be hard to contact all the new clients within 12 months.He says the FMA expects the purchaser to undertake due diligence to ascertain the quality of the client advice records within one year of purchase.A new advertising code came in on 1 March that means all financial advertising needs to demonstrates a high standard of social responsibility.The code means financial advertisements should disclose all relevant information, including social media, emails, TV, radio and other platformsLawyers at Dentons, Kensington, Swan say the principle of social responsibility is in the spirit of the Advertising Standards Authority code and you don't have to break the rules to breach it.Financial advisers working with Cigna are being asked to complete online courses and meet declaration requirements via its Adviser Training Hub.Requirements include annual product recertification and declarations to help advisers stay ahead of their compliance obligations.Cigna has a new online My Score Card tool that's connected to MBIE’s Financial Service Provider Register.A client review call centre is being launched by The Adviser Platform to help reduce the load on busy advisers.The company's Ryan Edwards says the service, to be launched 1 April, will demonstrate to the regulators that an adequate level of servicing is being provided to clients and improve client retention.Fidelity Life has launched a podcast covering the key elements of its Building Better Business modules.Each of the company’s podcasts is around four minutes long and covers topics such as complaint handling, communication, and business plans.A new report from PWC highlights recruitment, regulations, and crime as being among the key challenges faced by New Zealand insurers.The 15-page report – Exploring the Insurance Industry’s Top Risks – identifies a rising level of anxiety about cybercrime and the new financial conduct regime. Hosted on Acast. See acast.com/privacy for more information.

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