Name of Financial Adviser: Desire Gouws
Financial Service Provider: Runacres Insurance Limited
Authorised Body: Primesure Brokers Limited and Primesure Financial Services Limited
Telephone Number: 09 818 4247
Address: Level 4 Ferry Building, 99 Quay Street, Auckland 1143
Email address: Desire@primesure.co.nz
It will help you (the client) make an informed decision whether I, as a Financial Adviser who gives advice for products, are suitable for your needs and whether to seek, follow or accept the Financial Advice I give. This Disclosure Statement is required under the Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations 2020.
I am a Financial Adviser (FA) that gives advice on behalf of Primesure Insurance Brokers Limited who is an Authorised Body by the Financial Market Authority of New Zealand (FMA) https://www.fma.govt.nz/. Financial Services Legislation Amendment Act 2019 requires Primesure Brokers Limited and Primesure Financial Services Limited to hold a current licenses for Advisers to provide Financial Advice Services to you the Client.
To view my registration, Primesure Brokers Limited and Primesure Financial Services license go to the Financial Service Providers Register https://fsp-register.companiesoffice.govt.nz/ and search our Financial Service Provider (FSP) number for me FSP764313, for Primesure Brokers Limited FSP38761 and for Primesure Financial Services Limited FSP35844.
As a Licensed Financial Adviser Provider, we have Standard Conditions on our license, these conditions are not specific to us and does not limit or restrict Advice that may be given.
Currently our license is a transitional license granted by the FMA and in effect from June 2020 and valid for two years or until our Full license application is completed and granted.
I can give Financial Advice on Insurance Products for Retail and Wholesale Clients.
Our insurance product providers are insurance businesses in New Zealand that are licensed by the Reserve Bank under section 19 of the Insurance (Prudential Supervisor) Act 2010. The insurers have a financial strength rating from an approved rating agency. To view the insurer ratings click on the link https://www.rbnz.govt.nz/regulation-and-supervision/insurers/licensing/register.
Primesure Brokers Limited and Primesure Financial Services Limited insurance product providers are required to have financial strength ratings with a minimum of B++ and above. When you receive a quote from us you will be supplied the current strength ratings for the product providers that we have quoted for. If you accept the financial advice, we will supply a current rating for the product provider that you have selected.
I am committed to providing my clients with good financial advice that is suitable for my client’s needs. I only provide financial advice on Insurance Products.
Primesure Brokers Limited and Primesure Financial Services Limited and our General Insurance Advisers do not receive any commission or other incentives for giving Financial Advice. Primesure Brokers does receive commission when the client accepts our financial advice and purchases an insurance policy. The commission is paid by the Insurer (product provider’s)for the insurance business on each insurance policy that the Client purchases. The commission is paid to us and can be between the range of 0-27.5% of the insurer portion (total premium of the Insurance Policy less government levies and taxes).
NZbrokers Management Limited
We are a member of NZbrokers Management Limited, NZbrokers Management Limited provides services such as IT, education, training, technical insurance product and claims support and group member benefits to us. When a client accepts our financial advice as your adviser and purchases a policy NZbrokers may receive a service fee or technology fee from the Product Provider.
Life, Health & Personal Risk Insurance products
Primesure Brokers Limited and Primesure Financial Services Limited and our Life & Health Advisers do receivecommission when the client accepts our financial advice and purchases an insurance policy. The commission is paid by the Insurer (product provider’s) for the insurance business on each insurance policy that the Client purchases. The commission is paid to us and our Advisers can be between the range of 0-200% of the insurer portion (total premium of the Insurance Policy less government levies and taxes).
I receive an annual salary that may include bonuses based on client service performance and achievement of Company goals.
We may charge clients fees for financial advice. We will tell you what the fee is before you accept any advice from us or our Advisers. We will charge fees that are payable by you the client when our advice is followed, accepted and the insurance policy is purchased. The fees we charge are for our service, placement, implementation and administration of the insurance policies that you choose to accept and purchase. The total fees payable may increase with the number of insurance policies that you choose to purchase.
The fees are payable by you and are due by the effective date of the policy which is on the invoice.
Our Payment terms are also clearly itemised and is on our website under Terms of Trade https://www.primesure.co.nz/
To ensure that we and our advisers prioritise your interests above our own, we follow an advice process that ensures recommendations are made based on your individual goals and circumstances. Our advisers complete annual and ongoing training about how to manage conflict of interests and a register of interests is maintained. We monitor these registers and provides additional training where necessary. We perform an annual review of our compliance programme.
You should be aware there may be potential conflicts of interest that you the Client may need to take into consideration when you decide to seek and accept financial advice from us or our advisers, we will make you aware of any conflicts when giving advice.
We have not been subject to any other reliability events that would influence you the Client in deciding whether to seek or obtain advice from us or our Adviser’s.
If you have a problem, concerns or you are dissatisfied with either a product or financial advice service that has been provided by us or one of our Advisers and you require action to be taken please tell us so that we can help and fix the issue. To make a complaint please follow this link which will give details on our Complaints Process and how to make a complaint.
If a complaint is received by us, we will approach all complaints with an open mind, listen and treat each complainant as an individual and with courtesy and respect. We will promptly acknowledge the complaint at the earliest possible opportunity and make every attempt will be made to resolve your complaint in a timely manner, with staff escalating as necessary to Senior Management or Complaints Manager. You will receive a written decision, remedies, and resolution as soon as practicable after we have decided the outcome.
If you feel your complaint is not resolved to your satisfaction using our complaints process, or you are unsatisfied with the response or resolution, you can contact Financial Services Complaints Ltd (FSCL) is a dispute resolution scheme who we are a member of. This service will cost you nothing and is independent service that will help investigate or resolve the complaint. You can click on this link to find out how to make a complaint to Financial Services Complaints Limited http://www.fscl.org.nz/complaints/how-make-complaint
I give financial advice to clients on Primesure Brokers Limited and Primesure Financial Services Limited behalf. When giving advice I must:
The Financial Markets Authority. You can report information about us to the Financial Markets Authority at: https://www.fma.govt.nz/contact/ or email firstname.lastname@example.org if you want to complain you should use our dispute resolution procedures described under How to make a Complaint? And What to do if you are not satisfied after making a complaint?
This disclosure statement was prepared on: May 31st 2021