Maurice Trapp Group Limited

Fees

“We are remunerated by a percentage of commissions or fixed fee from Insurance and KiwiSaver Providers. We also receive a percentage of trail commissions earned on renewed Risk policies and fixed fee on KiwiSaver.”

Commission

“| Life Insurances | 100–220% | 0–10% | | Medical / Health | 25–140% | 7.5–25% | | KiwiSaver / Investment | A single payment of $50–300 | A % based on your balance |”

Product panel

“**Life Insurance:** AIA, Asteron, Booster, Resolution Life, Chubb, Fidelity, DPL and Partners Life - **Health Insurance:** Accuro, AIA, Partners Life, nib and Southern Cross - **KiwiSaver:** Generate, NZ Funds, Booster, Fisher Funds, Milford Asset Management and ANZ OneAnswer”

Conflicts of interest

“MTGL receives commissions from the providers on whose products our Advisers give financial advice. This commission is split between the business and the Adviser. These commissions vary from provider to provider. If you decide to take out insurance or take our KiwiSaver advice, the commissions paid will be determined by the amount of premium or the KiwiSaver balance.”

Scope of advice

“MTGL provides advice to our clients about life & health insurance and KiwiSaver. Our financial advisers provide financial advice in relation to these financial advice products.”

Ownership

“Maurice Trapp Group Limited (MTGL) is a limited liability company that holds agency and contractual agreements with insurance companies and product providers and owns ongoing rights to contractual income streams, enters into commercial agreements for the provision/receipt of professional business services and employs administrative and support staff.”

Material relationships

“MTGL has no preferential terms (other than those readily offered to other market participants) or production performance agreements with any particular provider.”