Parachute Advisory Limited

Financial Services Provider

★★★★★

5 Read 15 reviews on Google

Source: Google Business Profile. Reflects this firm's listing, not individual advisers.

Christchurch

FSPR Registered

FSP Number: FSP1004534

NZBN: 9429050645381

Team Size: 9 advisers

Verify on FSPR

About Parachute Advisory Limited

What is Parachute Advisory Limited?

Parachute Advisory Limited is a financial services provider, based in Christchurch, with 3 years on the FSPR register, and 9 appointed advisers on file.

How is Parachute Advisory Limited regulated?

Parachute Advisory Limited is registered on the Financial Service Providers Register (FSPR)as FSP1004534, with first registration in 2022. Disputes are handled by Financial Dispute Resolution Scheme. Verify on the FSPR register at fsp-register.companiesoffice.govt.nz.

What does Parachute Advisory Limited offer?

Parachute Advisory Limited's Public Disclosure Statement lists the following scope of advice: Life insurance, Health insurance, Disability/income protection insurance, Accident insurance, Trauma insurance, Group insurance benefits for companies. Refer to the original PDS for the binding scope.

Public Disclosure Statement highlights

Full PDS section ↓

Extracted from Parachute Advisory Limited's PDS dated 2026-05-24 · HTML source. View original.

Fee structure: mixed
Commission: Yes
Dispute scheme: FDRS
Panel: 3 providers
Services: 1 named
FAQs: 4 answered
Linked docs: 2

Scope of advice

Life insurance
Health insurance
Disability/income protection insurance
Accident insurance
Trauma insurance
Group insurance benefits for companies

Contact Information

Phone

0210 642 438

Email

Not available

Website

www.parachute-insurance.co.nz

Address

12 Virginia Lane,Mount Pleasant,Christchurch,8081,New Zealand

About Parachute Advisory Limited

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Public Disclosure Statement

3 providers on panel

Parachute Advisory Limited files a Public Disclosure Statement under FMC Act 2013 s431 · last ingested 2026-05-24 · source format HTML.

→ View Parachute Advisory Limited's original disclosure page · FA-NZ mirror (Markdown) · facts.json

Fee structure: mixed
Receives commission: Yes — disclosed in PDS
Dispute resolution scheme: FDRS
Scope of advice (verbatim from PDS): Life insurance
Health insurance
Disability/income protection insurance
Accident insurance
Trauma insurance
Group insurance benefits for companies
Specialties: Life Insurance
General Insurance
Health Insurance
Income Protection
Disability Insurance
Trauma Insurance
Business Insurance
Estate Planning

Hover any specialty to see its source. Self-attest takes priority; PDS-derived next; AI-classified last. For binding regulatory statements refer to the FAP's own current Public Disclosure Statement.

Distribution panel

Product providers Parachute Advisory Limited is appointed to distribute, grouped by product category. Counts show how many other NZ FAPs FA-NZ has on file as distributing the same provider.

Life & Health Insurance · 3

AIA +39
Asteron Life +25
nib +22

Verbatim quotes from Parachute Advisory Limited's PDS (9 fields cited)

Fees

“Parachute Advisory Ltd and our advisers generally don't charge clients fees for the financial advice we provide. However, if you commission us to advise you and purchase a policy from an accredited provider through us and then cancel or break the insurance contract within 24 months, we will charge a one-off fee for our services.”

Commission

“We receive a commission from insurance providers through which we place business. The insurers typically pay up to **230% of the first year's premium** payable by a client as brokerage to the Financial Advice Provider. We will then receive a **servicing commission of up to 10% of the annual premium** for the life of the policy.”

Complaints

“We have had no professional indemnity insurance or negligence claims, disputes resolution actions, or disciplinary actions.”

Professional indemnity

“We have had no professional indemnity insurance or negligence claims, disputes resolution actions, or disciplinary actions.”

Product panel

“We are by no means restricted to these, but we hold agency agreements with **AIA**, **Asteron Life** & **NIB** as they are the insurers we tend to use. We offer advice on the following types of insurance: life, accident, trauma, income protection, health as well as group insurance benefits for companies.”

Conflicts of interest

“We maintain registers of conflicts of interests and the gifts and incentives we receive. These registers are monitored regularly, and additional training is provided as required.”

Scope of advice

“Parachute Advisory Ltd provides advice to clients about life, health, and disability insurances to retail clients. We provide advice on AIA and Asteron Life products.”

Dispute resolution

“you can contact our external disputes resolution scheme, the **Financial Dispute Resolution Service**. The Financial Dispute Resolution Service provides a free and independent dispute resolution service that may help to resolve your complaint if we haven't been able to do so to your satisfaction.”

Material relationships

“We are by no means restricted to these, but we hold agency agreements with **AIA**, **Asteron Life** & **NIB** as they are the insurers we tend to use.”

Verbatim spans extracted from the source PDS dated 2026-05-24. Each quote was substring-verified against the original document; spans that failed verification were dropped. View source.

Services this firm offers

Named service offerings extracted from Parachute Advisory Limited's PDS. Names are verbatim from the source document; descriptions and fee notes are AI-summarised — refer to the original PDS for binding wording.

life, accident, trauma, income protection, health as well as group insurance benefits for companies
Advisory

Insurance advice covering life, accident, trauma, income protection, health, and group insurance benefits for companies.

Fees: Generally no fees; cancellation within 24 months may incur $200/hr (plus GST), capped at $2,000.

For: retail

FAQs from this firm's PDS

Common consumer questions answered in Parachute Advisory Limited's Public Disclosure Statement. Answers are verbatim spans from the source document, substring-verified at extract time.

What is the nature and scope of advice provided?

“Parachute Advisory Ltd provides advice to clients about life, health, and disability insurances to retail clients. We provide advice on AIA and Asteron Life products.”

Does Parachute Advisory charge fees for financial advice?

“Parachute Advisory Ltd and our advisers generally don't charge clients fees for the financial advice we provide. However, if you commission us to advise you and purchase a policy from an accredited provider through us and then cancel or break the insurance contract within 24 months, we will charge a one-off fee for our services. This is because the providers require for our commission to be re-paid.”

How does Parachute Advisory ensure clients' best interests are prioritised?

“We follow an advice process that ensures our recommendations are made appropriately, based on clients' goals and circumstances. - All our advisers undergo annual training about how to manage conflicts of interest. - We maintain registers of conflicts of interests and the gifts and incentives we receive. These registers are monitored regularly, and additional training is provided as required. - We undertake an annual independent Compliance Assurance Review by Strategi.”

What is the complaints process?

“We will consider your complaint and let you know how we intend to resolve it. Where possible, we try to resolve your complaint immediately. - If we are unable to resolve your complaint immediately, we will acknowledge your complaint within 2 business days. We may contact you to get further information about your complaint. - We aim to resolve complaints within 10 working days of receiving them. If we need more time to investigate your complaint, we will let you know when you can expect to receive a response to your complaint.”

Additional disclosure documents

Documents linked from Parachute Advisory Limited's PDS. URLs verified to appear in the source document at extract time; links may rot — verify with the firm before relying on a specific version.

Disclosure Statement – Parachute Advisory Ltd – Website Disclosure – Version 3 (PDF) · Service Disclosure Statement
Financial Dispute Resolution Service · Complaints Process

Notes: Facts and product panel are LLM-extracted from the source document (confidence tier B). Verbatim quote block above is Sonnet-extracted then substring-verified against the source markdown. For the authoritative wording, view the original disclosure above. FSPR register entry. FA-NZ is a directory mirror, not a regulator.