Compliance

Commissions, Fees & Conflicts

Product providers may pay a commission for any business that is written. This commission is based on a percentage of the annual premium.

This commission is paid to Wealthpoint Limited who has an agreement with the product provider to distribute their financial products.

Wealthpoint Limited on-pays the commission received to Dunlop Insurance whilst retaining a portion of the commission. Wealthpoint may also pay Dunlop Insurance rebates on a periodic basis.

The amount of commission paid and whether there are ongoing commission payments will depend on the specific financial provider and type of financial product.

Wealthpoint advisers may receive subsidised professional development training from financial providers.

Wealthpoint Limited and Dunlop Insurance may receive payments from product suppliers and financial platform providers for the amount of business placed with them.

Wealthpoint may receive funding from suppliers to market and contribute at periodic conferences.

To ensure Wealthpoint advisers prioritise the client’s interests above their own, our advisers follow an advice process that ensures our recommendations are made on the basis of the client’s goals and circumstances. All our advisers are regulated by the FMA and are subject to a Wealthpoint quality assurance process for compliance purposes.

Complaints

If you are not satisfied with the financial advice service received by Dunlop Insurance, you can make a complaint by sending an email to office@dunlopinsurance.co.nz

If we receive a complaint, we are obliged to consider it following the Wealthpoint complaints process; this includes:

  • Letting you know how we intend to resolve the complaint. We may contact you to obtain further information about your complaint.
  • Aiming to resolve complaints within 10 working days of receiving them. If that is not possible, we will contact you within that time to let you know they need more time to consider your complaint.
  • Contacting you by phone or email to let you know whether we can resolve your complaint and how they propose to do so.


If your complaint cannot be resolved, or you aren’t satisfied with the way proposed to do so, you can contact IFSO.

IFSO provides a free, independent dispute resolution service that may help investigate or resolve your complaint, if your complaint has not been resolved to your satisfaction. You can contact IFSO by emailing info@ifso.nz or by calling 0800 888 202 you can also write to them at:

Insurance & Financial Services, Ombudsman Scheme, PO Box 10-845, Wellington 6143, NEW ZEALAND.

Our Duties

On providing financial advice to you on Wealthpoint Limited’s behalf as the holder of a Financial Advice Provider Licence, we are bound to:

  • Give priority to the client’s interests.
  • Exercise care, diligence, and skill.
  • Meet standards of competence, knowledge and skill set by the Code of Professional Conduct.
  • Meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct.