The regulatory regime in New Zealand is far easier to work with than in Australia, and financial advisers have a world of opportunity, says Bronwyn Kirwan, Fidelity Life’s recently appointed Chief Sales and Service Officer.Having just returned from Sydney, where she was Head of digital insurance firm, Kirwan says the advice regime across the Ditch is too restrictive for advisers.Despite this year’s changes and tightening of the regulatory landscape, Kirwan says the advice industry here is “…laden with opportunity”.CLIPThat's Bronwyn Kirwan speaking in a Fidelity Life video.Up to 60 financial advisers face being deregistered from the FSPR unless they update Companies Office with details of their dispute resolution scheme provider.A total of 189 financial advisers were asked by Companies Office to update details by 17 August, and so far only 129 advisers have responded.Financial Advisers are not deemed to be an essential service under the current alert level 4 lockdown, which is set to remain in place until 31 August in Auckland. But the FMA is pushing to change this.The regulator says it is working towards having financial advice included in the next round of amendments or receiving a class exemption from the order.New poll: With financial advice not deemed an essential service by the Government during the current level 4 lockdown, RiskinfoNZ wonders if this has affected your advice business. Cast your vote in our poll at riskinfonz.co.nzHealth insurer nib New Zealand’s annual premium revenue to June rose by almost 10% when compared with its 2020 figure. It recorded a total revenue of just over $277 million and a profit of almost $26 million.The New Zealand firm’s full year result includes the release of a $9 million provision to cover-off an expected claims catch-up of postponed or delayed medical treatments due to government Covid-19 lockdowns.Keep up to date with the latest news for financial advisers at riskinfonz.co.nz Hosted on Acast. See acast.com/privacy for more information.

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