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Important Information About

Ogilvie Financial Solutions Ltd

Secondary Disclosure

We want to assure our clients that we comply with the requirements of the new Code of Professional Conduct for Financial Advice Services (Code of Conduct), and in particular the requirements for ethical behaviour, conduct and client care.

These are requirements to:

      • Treat clients fairly
      • Act with integrity
      • Give financial advice that is suitable
      • Ensure the client understands the financial advice, and
      • Protect client information

Nature & Scope of Advice

Ogilvie Financial Solutions Ltd provides advice to our clients about their life insurance, health insurance and KiwiSaver. We also provide business clients/individuals with advice in regards to business insurances for ownership, key person, owner’s income and business liability protection.

Peter, our financial adviser, provides financial advice

in relation to these financial advice products. We only provide financial advice about products from certain providers:

For life insurance/business protection, we work with six companies – AIA, AMP, Partner’s Life, Fidelity Life, Cigna and Asteron Life.

For health insurance, we work with three providers –NIB, Partner’s Life and Partner’s Life.

For KiwiSaver, we work with Generate.

Reliability History

Ogilvie Financial Solutions Ltd was set up in September 2014.

Peter is the sole financial adviser and has been in the Insurance and Investment industry since July 1999.

Ogilvie Financial Solutions Ltd has developed a strong rapport and trust throughout the community, dealing with families and both business and rural clientele.

Ogilvie Financial Solutions Ltd has contracts with the top Insurance companies & uses independent market research to offer the best insurance solutions based on your Insurance requirements. It is backed up by full administration support and the strength of the Plus4 Insurance Solutions Group.

Fees & Expenses

We do not charge fees or expenses.

Ogilvie Financial Solutions Ltd does not charge fees, expenses or any other amount for the financial advice provided to its clients. Ogilvie Financial Solutions Ltd receives commissions based on the business you place with the providers we work with.

Typically, we are remunerated by way of commissions received directly from product providers. Upfront commission (can be 50-230% the first year’s premium), ongoing commission (can be 20-50% the subsequent year’s premium).

For example, should you place insurances from our recommendations with an annualised premium of $1,000 p.a. we would be remunerated in the range of $500-2,300 in the first year and $200-$500 in subsequent years for providing our professional services.

 

Conflicts of interest or incentives

We take any perceived or real conflicts of interest very seriously and have a dedicated policy for dealing with such issues whereby we avoid, disclose and/or manage any conflicts so that our client’s interests are placed first and foremost.

For life insurance and health insurance, Ogilvie Financial Solutions Ltd receives commissions from the insurance companies on whose policies we give advice. If you decide to take out insurance, the insurer will pay a commission to Ogilvie Financial Solutions Ltd and your financial adviser.

The amount of the commission is based on the amount of the premium.

Financial advisers undergo 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.

From time to time, product providers may also reward us for the overall business we provide to them. They may give us tickets to sports events, hampers, or other incentives.

Ogilvie Financial Solutions Ltd has contracts with the top Insurance companies & uses independent market research to offer the best insurance solutions based on your Insurance requirements. It is backed up by full administration support and the strength of the Plus4 Insurance Solutions Group.

Availability of Information

You can request a hard copy of this information to be posted to you or we are also able to email our secondary disclosure as a PDF document. To request your copy, please email [email protected] or call 03 548 7979. Alternatively you can request a copy through our website by clicking visiting the Contact page.

 

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