Disclosure – Elaine Joseph
Allsure Financial Solutions Limited (FSP683071) holds a license issued by the Financial Markets Authority to provide financial advice.
I am authorised by that licence to provide financial advice.
Nature & Scope of Advice
I will provide you with financial advice in relation to your personal insurance and or mortgage and lending advice.
I only provide financial advice about products from the certain providers.
|Life||AIA – Asteron – Partners Life|
|Health||Accuro – AIA – Partnerslife|
|Mortgages||I have a wide range of bank and non-bank lenders|
In providing you with financial insurance advice we consider existing and unmet insurance needs for life, trauma, income protection, mortgage protection, household expenses cover and health insurance policies.
We will not provide advice on existing whole of life or endowment products; you will need to consult a specialist if you would like advice on those products as you have held these policies for over 10 years, and your health has deteriorated during this time. If you cancel these policies and replace them with a new policy, you are likely to have conditions excluded from the new policy that are covered by your existing policies. However, newer policies may have better benefits that your existing policies.
Neither Allsure Financial Solutions Limited nor I have been subject to a reliability event. A reliability event is something that might materially influence you in deciding whether to seek advice from me or from Allsure Financial Solutions Limited. As an example, it would include legal proceedings against me, or if I had been discharged from bankruptcy in the last four years.
Allsure Finanical Solutions Limited (FSP683071) is the Finanical Advice Provider.
Elaine Joseph – FSP443986 finanical Adviser at
Lvl 1 15 Mercari Way, Albany Mob: 021 273 9211 E:email@example.com
The lender/insurer will pay us a commission if you decide to take up our advice and your mortgage is drawn down or your policy is accepted.
A fee of $500.00 is charged for financial advice offered that is refundable on drawdown of your mortgage. If you decide not to proceed once a pre-approved loan has been offered the fee is not refundable.
A cancellation fee may be charged for financial advice provided to a client if their home loan is repaid in full or part or refinanced within two (2) years of the loan drawdown the fee of $500,00 will be payable within 7 days of invoice.
Allsure Financial Solutions Limited may charge a cancellation fee for the financial advice provided to a client when the client cancels a life or health insurance policy within two years of inception. This fee could be up to $500.00 and is based on hours worked on the policy. An average policy takes approximately 5 hours of work to complete.
Should you accept our free Will offer and cancel your policy within two years of inception, the cost of $100.00 will be incurred by you (payable by invoice within 7 days) to reimburse the cost of the Will that was incurred by Allsure Financial Solutions Limited
Conflicts of interest & Incentives
Allsure Financial Solutions Limited receives commissions from the providers on whose products we give financial advice (the insurers, and lenders). If you decide to follow my recommendations on insurance, or mortgage, the provider will pay a commission to Allsure Financial Solutions Limited. The amount of commission is based on the amount of the premium or the loan amount of the mortgage.
I will receive commission at settlement from the relevant lender if you choose to take out a mortgage following my advice. The commissions are between 0.55% and 0.85% of the initial mortgage balance or amount funded. I may also receive 0.15% to 0.20% of the mortgage balance on each anniversary.
I receive commissions from the relevant insurance company if you take out insurance following my advice. The commissions are between 180% and 200% of the first year’s premiums of your policy — the amount depends on which insurance company and which insurance policy you choose. I also receive a commission of between 5% and 10% of the premium for each year the policy remains in force. In addition, Allsure Financial Solutions Limited may receive commission of between 15% and 30% of the first year’s premiums of your policy, depending on which insurance company and which policy you choose.
The commission I receive is shared with Allsure Financial Solutions for providing me with compliance support, training, and back-office support.
To ensure that I prioritise your interests above my own, I follow an advice process that ensures recommendations are made based on your individual goals and circumstances. I complete annual training about how to manage conflicts of interest. We undertake a compliance audit and a review of our compliance programme annually by a reputable compliance adviser.
What are my obligations?
I have obligations under the Financial Markets Conduct Act 2013 relating to the way that I give advice.
I am required to:
- give priority to your interests by taking all reasonable steps to make sure our advice is not materially influenced by our own interests
- exercise care, diligence, and skill in providing you with advice
- meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure that we have the expertise needed to provide you with advice)
- meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure we treat you as we should and give you suitable advice).
This is only a summary of the duties that I have. More information is available by contacting me, or by visiting the Financial Markets Authority website at https://www.fma.govt.nz.
Allsure Financial Solutions Limited (FSP683071) is the financial Advice Provider.
You can contact:
Elaine Joseph – FSP443986 – Financial Adviser
Add: Lvl 1 15 Mercari Way, Albany 0632
Tel: 021 273 9211