Icib Brokerweb Limited

Fees

“We may charge fees for financial advice. The fees we charge are for our services and the placement, implementation, and administration of the insurance policies that you choose to accept and purchase. These fees apply if you act on our advice and purchase insurance through ICIB-BW. If you do not purchase insurance through us, no fees will apply”

Commission

“The commission paid to us ranges between **12.5% and 30%** of the insurance premium (excluding government levies and taxes)”

Product panel

“A list of the Insurance Product Providers that ICIB-BW place insurance policies with can be found on our website at https://www.icib.co.nz/policies/insurance-product-providers”

Conflicts of interest

“To ensure that we prioritise your interests above our own, we follow an advice process that ensures recommendations are made on the basis of your individual needs and circumstances (and not based on other factors, such as the amount of commission we may receive). Our advisers complete annual and ongoing training about how to manage conflicts of interest, and a register is maintained.”

Scope of advice

“We are licenced to provide financial advice on Insurance Products and that advice will be provided to you through our registered financial advisers.”

Dispute resolution

“If you are unhappy with the outcome of our Complaints Process, you can contact Financial Services Complaints Limited (**FSCL**) – A Financial Ombudsman Service. FSCL is an independent dispute resolution scheme who will help investigate or resolve your complaint.”

Ownership

“Our parent company, AUB Group NZ Limited, may receive a service fee from the insurer when you accept financial advice from ICIB-BW and purchase an insurance policy.”

Material relationships

“We are a member of NZbrokers Management Limited (**NZb**). NZb provides services such as IT, education, training, technical insurance product, claims support, and group member benefits to us. When you accept our financial advice and purchase a policy, NZb may receive a service fee or technology fee from the Insurer.”