The following information provides you with an important overview of Accelerate Consulting Ltd T/A Accelerate Insurance Brokers, our duties to you, fees and how we manage complaints.
Licence Status and Conditions
Accelerate Consulting Ltd (Accelerate Insurance Brokers) FSP1003925, holds a financial advice provider licence issued by the Financial Markets Authority under the Financial Markets Conduct Act.
Nature and Scope of Advice
Accelerate Insurance Brokers provides advice to our clients about their general insurance needs.
Our financial advisers provide financial advice in relation to domestic general insurance, such as house, contents, landlords, motor vehicle and boat insurance, as well as commercial general insurance, such as commercial property, business interruption, commercial motor, marine, liability, professional indemnity and cyber insurance.
When providing our advice, we access a wide range of general insurance products from various general insurance providers in both the local and overseas market.
Fees, expenses, or other amounts payable
Accelerate Insurance Brokers may charge you a fee and charges for providing financial advice and for arranging, altering or cancelling your general insurance program. IANZ may also charge an administration fee for processing insurance premiums. If a fee will be charged, you will be advised at the time the financial advice is provided.
In some circumstances we may recommend another service provider to assist us in providing appropriate financial advice. These providers can include property valuers, property surveyors and motor vehicle valuations. These providers will charge a fee for the work they do. We will advise you of any related fees and charges prior to having them commence any work on your behalf.
Conflicts of interest and commissions or other incentives
Accelerate Insurance Brokers may receive a commission when you when you pay your invoice for insurance cover or if we refer you to a premium funder with whom you enter into a premium funding arrangement.
Accelerate Insurance Brokers may pay your financial adviser a salary, plus bonuses and other incentives. Accelerate Insurance Brokers and your financial adviser may receive indirect benefits from insurers and premium funders such as business lunches, tickets to sporting and/or cultural events or corporate promotional merchandise.
We recognise that the above commissions and incentives may create conflicts of interests for Accelerate Insurance Brokers and your financial adviser. To manage these conflicts, we follow an advice process that ensures our recommendations are made based on your financial goals and circumstances. Insurance Advisernet undertakes compliance audits of your financial adviser, who undergoes specialised training in this area. Insurance Advisernet also annually audits our conflicts of interest compliance framework.
We may, however, choose to rebate all or some commissions and charge you a fee based on the nature of the service we provide.
Complaints & Disputes Process
If you are not fully satisfied with our services, please contact your financial adviser or Accelerate Consulting Ltd, who will try to resolve your complaint to your satisfaction.
If you are unable to resolve your complaint with Accelerate you may refer it to Insurance & Financial Services Ombudsman (IFSO), of which Accelerate Insurance Brokers a member. IFSO is an approved independent dispute resolution scheme which handles complaints against financial service providers, including insurance brokers. IFSO is free to consumers and its decisions are binding on Accelerate Insurance Brokers (but not on you). Further information about IFSO is available from Accelerate Insurance Brokers and/or from https://www.ifso.nz/. You may contact IFSO directly on 0800 888 202.
We believe in delivering the most appropriate advice, built upon our four core business pillars, Trust, Advice, Choice and Value.
We are bound by duties under the Financial Markets Conduct Act 2013 (Act),
We are required to:
Accelerate Consulting Ltd (FSP1003925)
T/A Accelerate Insurance Brokers
You can contact us at:
Phone: 09 524 0454
Email: [email protected]
Address: 7/102c Hobsonville Road, Auckland
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