Licensing Information
i2i Brokers Ltd (FSP707871), (i2i, we, our, us) is a Financial Advice Provider (FAP) and is named as an Authorised Body to provide a financial advice service under the FAP Licence held by PSC Connect NZ Ltd. PSC Connect NZ Ltd (PSCCNZ) (FSP331526) is the Financial Services Provider licence holder, as approved by the Financial Markets Authority (FMA). There are no special licence conditions imposed
Nature and Scope of the Advice
i2i provides advice to clients about General Insurance and our Financial Advisers provide financial advice in relation to these financial advice products from a wide range of NZ based and overseas providers (at our discretion)
We will not provide advice on Life and Health Insurance, Investments, Kiwisaver, Medical Insurance or Mortgage products so you will need to consult a specialist if you would like advice on those products.
We are not aware of any material limitations or restrictions on the scope of financial advice service we provide. If these are identified, we will disclose them to you.
How We Get Paid
We earn our income from either a fee or commissions earned from providers and never a combination of both!
Fees and Expenses
We do not charge any fees for the initial work we do for you but if you proceed with our financial advice and we arrange the insurance for you, a fee may be charged.
This fee will be based on the amount of work and time required to provide and implement our advice and will be shown on your invoice.
Our fees are not refundable so if you cancel the insurance we've arranged for you at any time , we will keep all of that fee but will return the unused portion of your premium (but we can only do this if no claims have been paid out during the policy period)
We may charge a fee for making adjustments to your insurance during the insurance period. This fee will show on your invoice.
PSCCNZ retain a percentage of all of the above fees for a range of professional services they provide to i2i.
Sometimes other fees are charged that do not relate to the financial advice such as credit card fees. If so, we will advise you of this in our recommendation.
Conflicts of Interest and Incentives
When we arrange insurance for you, the provider(s) may pay us a commission. The amount of the commission varies between providers and products and is based on a percentage of the Company Premium and Natural Disaster premium (if applicable). Commissions are not payable on FENZ and NHI levies.
If we arrange insurance for you and you cancel it part way through the insurance period, we may keep some or all of the commission/brokerage fees from any refund due to you. PSCCNZ retain a percentage of this commission for a range of professional services they provide to i2i
If a person or entity has referred you to us, we may pay them a percentage of the commission and/or fees we receive for their referral. A financial adviser may have a conflict of interest in circumstances where financial advice has been provided to two clients who later have a dispute. If this occurs the financial adviser will disclose the conflict of interest to you and refer one client to another financial adviser for advice and assistance. To ensure that our Financial Advisers prioritise your interests above their own, we follow an advice process that ensures our recommendations are made on the basis of the information you have provided and your unique circumstances.
We maintain a register of conflicts of interest, gifts and any other incentives we may receive. If we believe there is a conflict of interest – real or perceived – we will discuss this with you.
Premium Funding
Premium funding enables you to pay the insurance premium by instalments, rather than make a lump sum payment (interest and finance charges will apply)
If you elect to pay your insurance by Premium funding they will take a power of attorney over your insurance policy. This means they have the ability to cancel your insurance policy if you fail to pay an instalment.
If you enter into a premium funding arrangement, the premium funding company will pay i2i a commission which is usually 2% of the amount they fund.
Complaints Handling & Dispute Resolution
Please refer to our Internal Complaints Process that can be found on our Legal page or by clicking here
Duties Information
i2i, PSCCNZ and anyone who gives financial advice on their behalf have duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice.
We are required to:
• give priority to your interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests;
• exercise care, diligence and skill in providing you with advice;
• meet standards of competence, knowledge and skill as 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 we have. More information is available by contacting us, or by visiting the FMA website here
Identifying Information
i2i Brokers Ltd (FSP707871) is a Financial Advice Provider (FAP)
Phone:
+64 4 497 5378
Email:
hello@i2ibrokers.co.nz
Address:
13 Box Hill, Khandallah, Wellington
Kirsty Young (FSP135084) is a Financial Adviser of i2i Brokers
Phone:
+64 274 909011
Email:
kirsty@i2ibrokers.co.nz