Disclosure
Important information about the advice I give, how I'm paid, and how to complain.
This page sets out the disclosure information for the insurance and KiwiSaver advice I give through Moneyplant Financial Services Ltd. Moneyplant's full disclosure, which also covers its mortgage advice, is at moneyplant.co.nz/disclosure.
About the financial advice provider
Moneyplant Financial Services Ltd holds a financial advice provider licence issued by the Financial Markets Authority to provide financial advice services. Financial Service Providers Register number: FSP1005259.
- Address: 118 Great South Road, Papakura 2110
- Phone: 0800 28 28 00
- Email: loans@moneyplant.co.nz
- Website: moneyplant.co.nz
About your adviser
Kyle Hasson, Financial Adviser, FSP1010252. I give advice on personal risk insurance and KiwiSaver on behalf of Moneyplant.
- Phone: 021 0262 0787
- Email: kyle@moneyplant.co.nz
Nature and scope of the advice
| Advice area | Products | Providers we may recommend |
|---|---|---|
| Personal risk insurance | Life, trauma, total and permanent disability, income and mortgage protection, health insurance | Partners Life, Fidelity Life, AIA, Chubb Life, Momentum Life |
| KiwiSaver | KiwiSaver schemes, to help you build a deposit for your first home or plan for retirement | Booster, Generate, Kernel Wealth |
Moneyplant's mortgage advisers provide advice on residential, commercial and business lending. Their disclosure is on the Moneyplant website.
Fees
Insurance commission clawback
If you cancel or close a life, disability or health insurance policy within 24 months of it starting, the insurer may claw back some or all of the commission it paid Moneyplant. If that happens because the policy was cancelled or materially reduced within the clawback period, Moneyplant may charge you a one-off fee equal to the amount clawed back.
KiwiSaver advice fee
If a provider doesn't offer an adviser fee rebate, an advice fee applies on top of their standard fees. This covers tailored advice and ongoing service. For Kernel Wealth, this is 0.25% a year.
Commissions
Insurance
Moneyplant may receive a commission from the insurer when your policy starts, typically between 0% and 230% of the first year's premium. It may also receive an ongoing commission of 0% to 10% of the annual premium each year the policy renews.
KiwiSaver
Moneyplant may receive an upfront commission of $0 to $300, depending on the transfer balance and your PAYE income, and an ongoing commission of 0% to 0.5% of your balance each year.
Conflicts of interest and other incentives
We act in your best interests. While we have professional relationships with product providers, your interests come first. From time to time:
- Product providers may contribute to conferences and professional development training for our advisers.
- We may receive referrals from real estate agents or other professionals, and may refer you to others for fire and general insurance or related services. In some cases, a referral fee may be paid or received.
How we manage conflicts
- We follow a structured advice process, so recommendations suit your goals and circumstances.
- Our advisers are regularly trained on managing conflicts of interest.
- We keep registers of conflicts of interest and of gifts and incentives received, and review them regularly.
- We have an independent compliance assurance review every year.
Our duties to you
Under the Financial Markets Conduct Act 2013 (sections 431I, 431K, 431L and 431M), we must:
- meet the standards of competence, knowledge and skill set out in the Code of Professional Conduct
- give priority to your interests
- exercise care, diligence and skill
- meet the standards of ethical behaviour, conduct and client care set out in the Code
Complaints
If you have a concern about my advice or service, please let us know. See concerns and complaints for how it works, including our free, independent dispute resolution scheme.