On 11 October 2018 the Financial Advice Code Working Group released the draft Code of Conduct for Financial Advisers which applies to insurance brokers (amongst others). Feedback was sought on the draft Code from interested parties by this Friday, 9 November. Fee Langstone has been following developments closely in this area because of the importance it has to all insurance brokers in New Zealand.
According to partner Craig Langstone, the draft Code raises a number of issues that need to be addressed before the Code is finalised. As a result Fee Langstone has made a formal submission on aspects of the draft Code. The Fee Langstone submission can be accessed here