Affiliated Insurance Brokers Limited

“It is a condition of our licence that we, together with any person giving advice on our behalf, can only provide advice on general insurance products.”

“These are policies that insure your personal or business assets or protect you or your business assets, liabilities and business income.”

“We are not able to provide advice on personal income protection or investment policies but are able to refer you to associates who are licensed to provide advice on such products.”

“Our remuneration is paid by the insurance providers that we place the insurance policy with on your behalf, by way of commission. However, we may charge a fee for the advice given to you and for implementing that advice. If a fee is to be charged it will be based on the amount of work and time required to provide and implement our advice and will be shown on our invoice to you, payable on payment of your premium.”

“Premium funding products enable you to pay the insurance premium over the term of your policy by instalments rather than as one amount. Premium funders charge interest, and they 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.”

“We manage all conflicts of interest, ensuring our financial advisers prioritise your interests above their own, by following an advice process that ensures our recommendations are made on the basis of your needs and circumstances. All of our financial advisers complete training to understand and manage conflicts of interest. We maintain a register of conflicts of interests and any gifts and other incentives that we may receive. We review our compliance programme annually.”