Licensing information
PIC Insurance Brokers Limited (FSP39341) (PIC) is a Financial Advice Provider and holds a licence issued by the Financial Markets Authority to provide financial advice.
Contact details
Phone: 0508 742 742
Email: insure@pic.co.nz
Mailing Address: PIC Insurance Brokers Ltd, PO Box 58842, Botany, Auckland 2163
Physical Address: Building 3, 15 Accent Drive, East Tamaki, Auckland 2013
Nature and scope of the advice
We provide advice to our clients through our financial advisers who provide financial advice in relation to the following financial advice products;
If our financial advisers are unable to provide advice on any particular product discussed, this will be made clear in the Scope of Service and Statement of Advice provided.
We only provide financial advice about products from certain providers. Click here for a full list of the insurers and provider we use. From time to time, as new providers enter the market, we may add to the list of providers we work with and whose products we advise on.
Duties information
PIC and anyone who gives financial advice on our behalf, has duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice.
We are required to:
This is only a summary of the duties that we have. More information is available by contacting us, or by visiting the Financial Markets Authority website at https://www.fma.govt.nz.
Fees
We may charge a fee for our services in lieu of, or in addition to, commissions paid to us by insurers.
We may charge an administration fee to cover disbursements and expenses incurred in the administration and servicing of clients.
We may charge a fee for the financial advice provided to a client where a client cancels a life or health insurance policy within two years of inception.
All fees to be charged and the manner in which they will be charged will be advised when the financial advice is provided to the client.
Commissions / Brokerage
Commission will be paid to PIC by an insurer for arranging your insurance policy.
The amount of the commission may vary based on the type of insurance product and the insurer selected.
Conflicts of interest and incentives
We make every attempt to manage appropriately any situation in which there may be a conflict of interest. Should we become aware of a situation where a conflict of interest could arise we will disclose it to you. To ensure that our financial advisers prioritise our client’s interests above their own, we follow an advice process that ensures our recommendations are made on the basis of the client’s goals and circumstances. All our financial advisers undergo training about how to manage conflicts of interest.
Our financial advisers are salaried and do not receive any commission from any insurance companies or product providers. From time to time, insurance companies and product providers may give PIC and our financial advisers tickets to sports events, hampers, or other gifts in recognition of our relationships and the overall business provided to them.
Complaints handling and dispute resolution
Our goal is to provide you with the highest levels of quality service and support at all times. However, if you do have a complaint or encounter a problem, please let us know as soon as you can. Your feedback helps us continue to improve the products and services we offer. We are committed to sorting things out as quickly and fairly as possible.
We have a well-established escalation process, and we will work with you to address your concerns as quickly as possible, whilst still providing you with options to take the matter further if you are unhappy with the outcome.
Step one – Talk to us
You can let us know about your concern in any of the following ways. A quick chat, email or meeting with one of our staff is often all that’s needed to sort out your concern.
Step two – Contact our complaint resolution team
If you feel that the staff member you dealt with did not resolve your complaint to your satisfaction, you can speak to the Complaints Officer through complaints@pic.co.nz or complete our Complaint Contact Form, including details of your complaint and what you would like to see happen as a result. You can email this to us or post it to us.
When we receive a complaint, we will aim to resolve it following our internal complaints process:
Step three – Ask the Insurance Ombudsman to help
We hope that your complaint has been resolved to your satisfaction before this stage. If we cannot agree on how to resolve the complaint, we will send you a letter of deadlock. You may then seek help from our dispute’s resolution scheme, the Insurance & Financial Services Ombudsman Scheme (IFSO) which provides a free, independent dispute resolution service that may help investigate or resolve your complaint.
How to Contact the Insurance Ombudsman