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Hi, I’m Tom Morris! I'm an Insurance designer
MY DISCLOSURE STATEMENT
Please refer to https://www.insurancenetwork.co.nz/public-disclosure/ for the primary disclosure statement.
Licencing InformationInsurance Network Limited (T/A Insurance and Mortgage Network) (FSP447546) holds a Financial Advice Provider license issued by the Financial Markets Authority to provide financial advice.
Identifying InformationI am a Financial Adviser trading as Insurance and Mortgage Network (iNSNET, we, our, us). My details are as follows:Name: Tom MorrisFSP Number: 1007469Phone: 0800868467Email: christchurch@insurancenetwork.co.nz My company details are as follows:Company Name: Insurance Network LtdFSP Number: 447546Phone: 0800868467Email: info@insnet.co.nz Nature and Scope of My AdviceI am able to provide you with financial advice relating to your personal risk insurance and personal loan. I am accredited with a wide range of insurer to offer you a range of insurance products. My role is to recommend an insurer to you who is best suited to your needs and your roles to decide the best option for yourself. We are able to provide financial advice from the following product providers:Insurance providers AIA, Chubb, Partners Life, Asteron, NIB Personal loan Oxford, Geneva Finance
Identifying InformationI am a Financial Adviser trading as Insurance and Mortgage Network (iNSNET, we, our, us). My details are as follows:Name: Tom MorrisFSP Number: 1007469Phone: 0800868467Email: christchurch@insurancenetwork.co.nz My company details are as follows:Company Name: Insurance Network LtdFSP Number: 447546Phone: 0800868467Email: info@insnet.co.nz Nature and Scope of My AdviceI am able to provide you with financial advice relating to your personal risk insurance and personal loan. I am accredited with a wide range of insurer to offer you a range of insurance products. My role is to recommend an insurer to you who is best suited to your needs and your roles to decide the best option for yourself. We are able to provide financial advice from the following product providers:Insurance providers AIA, Chubb, Partners Life, Asteron, NIB Personal loan Oxford, Geneva Finance
Out of scope No Advice on Your KiwiSaver As a Financial Adviser who specialises in residential property lending, I am unable to give you advice on the use of your KiwiSaver retirement fund(s) to partially fund your Loan purchase. If you plan to make use of your KiwiSaver fund(s) as part of the Loan loan process, I recommend that you seek advice from a Financial Adviser who specialises in investment planning and/or another suitably qualified professional.
No Advice on Your Asset Protection and Estate Planning needsI am unable to give you advice on family trusts (or other types of trusts), wills and enduring powers of attorney. I am also unable to give you advice relating to taxation matters. I believe these areas are important to you and recommend that you seek advice from another suitably qualified professional.
Referral for Fire & General Insurance and Mortgage I will not provide advice on your mortgage or fire and general insurances. However, I can refer you to a financial adviser who specialises in those areas if you would like advice on those products.
My commitment to you As your Financial Adviser, I have a number of obligations that I must comply with. These include adhering to a Code of Professional Conduct for Financial Advice Services, legal duties prescribed by law and a requirement to meet certain standards of competence, knowledge and skill.
In addition to the above, I will: Act in your best interests when providing financial advice. Ensure that the financial advice is suitable for you. Help you understand the advice process and any complex terminology. Exercise care, diligence and skill in providing you with a financial adviser service. Provide my financial advice in writing. Maintain accurate records and keep them safe and secure. Provide my services in a timely manner. Keep your personal information confidential and restricted to only the parties who require it as part of the application process.
In addition I have duties under the Financial Markets Conduct Act 2013. You can find out more about these on our website (www.insurancenetwork.co.nz ) and I will provide you with further detail when I provide advice to you.
Your obligations It is important that you provide accurate and timely information. You have a duty of disclosure to advise me of any significant matters or changes that the lender or insurer should be made aware of before making their decision. For more information click HERE.
No Advice on Your Asset Protection and Estate Planning needsI am unable to give you advice on family trusts (or other types of trusts), wills and enduring powers of attorney. I am also unable to give you advice relating to taxation matters. I believe these areas are important to you and recommend that you seek advice from another suitably qualified professional.
Referral for Fire & General Insurance and Mortgage I will not provide advice on your mortgage or fire and general insurances. However, I can refer you to a financial adviser who specialises in those areas if you would like advice on those products.
My commitment to you As your Financial Adviser, I have a number of obligations that I must comply with. These include adhering to a Code of Professional Conduct for Financial Advice Services, legal duties prescribed by law and a requirement to meet certain standards of competence, knowledge and skill.
In addition to the above, I will: Act in your best interests when providing financial advice. Ensure that the financial advice is suitable for you. Help you understand the advice process and any complex terminology. Exercise care, diligence and skill in providing you with a financial adviser service. Provide my financial advice in writing. Maintain accurate records and keep them safe and secure. Provide my services in a timely manner. Keep your personal information confidential and restricted to only the parties who require it as part of the application process.
In addition I have duties under the Financial Markets Conduct Act 2013. You can find out more about these on our website (www.insurancenetwork.co.nz ) and I will provide you with further detail when I provide advice to you.
Your obligations It is important that you provide accurate and timely information. You have a duty of disclosure to advise me of any significant matters or changes that the lender or insurer should be made aware of before making their decision. For more information click HERE.
TimeframesYou will need to allocate approximately one (1) to two (2) hours for our first financial advice meeting. Several meetings may be required for the entire application and advice process to be completed.
I will contact you from time to time to see if your circumstances have changed or if I can be of any further assistance to you. I also encourage you to contact me if your situation changes and you require any changes to your lending or insurance.
How I am paid for my adviceMost of the time, our services to you are completely free. That’s because instead of being paid by you, we receive revenue from our product providers the lenders and the insurers.
iNSNET is paid in the form of a commission (‘Insurance Or Loan Commission’) by the Product Provider(s) if you take out a loan or insurance policy following my advice. I am on contractor and therefore do receive commissions.
Fees payable by youI will not charge a fee for the financial advice that I provide to you. Any fees relating to the loan application will be paid directly to the lender or service provider.
In certain circumstances I may need to charge a fee for our time, but this will be discussed and agreed with you beforehand. More specific detail on this will be included with my written recommendations.
The commission received for implementing an insurance product or lending pays for completing research and analysis of your information to ensure we select the most suitable product for you. The commission also covers the cost of my administration team that assist me to make the entire process efficient and stress free.
If you cancel or reduce your insurance cover or lending within 24 months from the date of the policies inception or loan drawdown, the Insurance company / lender will clawback the commission paid to iNSNET. iNSNET reserves the right to invoice you a fee of $1,000 + GST. The fee would be required to be paid by the 20th of the month following invoicing.
To avoid the fee being charged, you can discuss your new requirements prior to cancellation, reduction or changes with me, I will be happy to restructure your cover or lending to meet your changed circumstances
Loan CommissionsThe commissions are between 0.55% and 1.0% upfront of the value of the loan and may also receive applications fee up to $2000. The amount will depend upon the lender and the type of loan that you choose. We may also receive a commission of between 0.10% and 0.20% of the remaining balance each year.
Insurance CommissionsThe commission is between 50% and 120% of the first year’s premiums of your policy. The amount depends on which insurance company and which insurance policy you choose. I also receive a commission of between 3% and 25% of the premium for each year the policy remains in force.
How I manage any conflicts of interestI have an obligation to prioritise your interests when making a recommendation. Should any actual or potential conflicts of interest arise during the advice process, I undertake to bring any such conflict of interest to your attention so that you may assess my advice objectively. At present, I have identified the following conflicts of interest:
Product Provider Commission: If you accept and act on my advice, I will receive a commission. Conversely, if you do not accept and act upon my advice, I will not receive a commission.
To ensure that I prioritise your interests above my own, I follow an advice process that ensures my recommendations are made on the basis of your individual goals and circumstances.
I complete annual training about how to appropriately manage conflicts of interest. iNSNET and/or the lender/insurer periodically undertake a compliance review of my advice process.
iNSNET also engage an independent compliance consultancy firm to conduct ongoing independent compliance reviews and audits.
Other interestsNIL
Other incentivesFrom time to time, various product providers (described previously) may also reward us and/or iNSNET for the overall business provided to them. They may give tickets to sports events, hampers, or other incentives.
In the event of a complaint or a disputeINSNET website www.insurancenetwork.co.nz outlines the procedure to be followed if you have a dispute and/or wish to make a complaint about the financial advice or services provided.
I will contact you from time to time to see if your circumstances have changed or if I can be of any further assistance to you. I also encourage you to contact me if your situation changes and you require any changes to your lending or insurance.
How I am paid for my adviceMost of the time, our services to you are completely free. That’s because instead of being paid by you, we receive revenue from our product providers the lenders and the insurers.
iNSNET is paid in the form of a commission (‘Insurance Or Loan Commission’) by the Product Provider(s) if you take out a loan or insurance policy following my advice. I am on contractor and therefore do receive commissions.
Fees payable by youI will not charge a fee for the financial advice that I provide to you. Any fees relating to the loan application will be paid directly to the lender or service provider.
In certain circumstances I may need to charge a fee for our time, but this will be discussed and agreed with you beforehand. More specific detail on this will be included with my written recommendations.
The commission received for implementing an insurance product or lending pays for completing research and analysis of your information to ensure we select the most suitable product for you. The commission also covers the cost of my administration team that assist me to make the entire process efficient and stress free.
If you cancel or reduce your insurance cover or lending within 24 months from the date of the policies inception or loan drawdown, the Insurance company / lender will clawback the commission paid to iNSNET. iNSNET reserves the right to invoice you a fee of $1,000 + GST. The fee would be required to be paid by the 20th of the month following invoicing.
To avoid the fee being charged, you can discuss your new requirements prior to cancellation, reduction or changes with me, I will be happy to restructure your cover or lending to meet your changed circumstances
Loan CommissionsThe commissions are between 0.55% and 1.0% upfront of the value of the loan and may also receive applications fee up to $2000. The amount will depend upon the lender and the type of loan that you choose. We may also receive a commission of between 0.10% and 0.20% of the remaining balance each year.
Insurance CommissionsThe commission is between 50% and 120% of the first year’s premiums of your policy. The amount depends on which insurance company and which insurance policy you choose. I also receive a commission of between 3% and 25% of the premium for each year the policy remains in force.
How I manage any conflicts of interestI have an obligation to prioritise your interests when making a recommendation. Should any actual or potential conflicts of interest arise during the advice process, I undertake to bring any such conflict of interest to your attention so that you may assess my advice objectively. At present, I have identified the following conflicts of interest:
Product Provider Commission: If you accept and act on my advice, I will receive a commission. Conversely, if you do not accept and act upon my advice, I will not receive a commission.
To ensure that I prioritise your interests above my own, I follow an advice process that ensures my recommendations are made on the basis of your individual goals and circumstances.
I complete annual training about how to appropriately manage conflicts of interest. iNSNET and/or the lender/insurer periodically undertake a compliance review of my advice process.
iNSNET also engage an independent compliance consultancy firm to conduct ongoing independent compliance reviews and audits.
Other interestsNIL
Other incentivesFrom time to time, various product providers (described previously) may also reward us and/or iNSNET for the overall business provided to them. They may give tickets to sports events, hampers, or other incentives.
In the event of a complaint or a disputeINSNET website www.insurancenetwork.co.nz outlines the procedure to be followed if you have a dispute and/or wish to make a complaint about the financial advice or services provided.
TerminationThis Agreement will remain in place until it is terminated by either party giving the other at least thirty (30) days’ written notice.
How we collect, use and share your informationiNSNET complies with the Privacy Act 2020.
In order to assemble your application and determine your eligibility for a loan and/or insurance product, we will require certain personal and financial information from you.The information will be made available to iNSNET, your Financial Adviser, product provider (lender or insurer), and any other necessary third parties in relation to implementing the advice.
If at any time you wish to have access to, or correct any of, the information obtained with your permission, please contact us.
Personal and business information may be disclosed to:• Professionals such as solicitors, accountants, insurance advisers and/or valuers when a referral is made at your request.• Other financial institutions and organisations at their request if you seek to obtain products and/or services from them. • If we sell the Financial Advice business, to any prospective purchaser of the business.• The Financial Markets Authority, disputes resolution scheme and/or independent compliance reviewer as required for monitoring or compliance purposes.• Our Professional Indemnity insurer in the event of a complaint. • Lawyers and other professionals, and our insurers (and their advisers), in connection with defending, protecting and/or enforcing our legal rights and interests including defending a complaint, claim or other action.At times, we may be allowed or otherwise obliged to disclose your personal information by law (e.g., under Court Orders or Statutory Notices pursuant to taxation laws). From time to time, this information may be updated and/or changed. We undertake to advise you of material changes to any of the items or products/services noted above via email and/or via post.
More Important InformationFor more information regarding us, our duties and obligations to you, and our complaints process or others, please visit our website:www.insurancenetwork.co.nzwww.insurancenetwork.co.nz/public-disclosure/www.insurancenetwork.co.nz/myduties/www.insurancenetwork.co.nz/privacypolicy/www.insurancenetwork.co.nz/clientdisclosure/www.insurancenetwork.co.nz/ourstatementofservice/
How we collect, use and share your informationiNSNET complies with the Privacy Act 2020.
In order to assemble your application and determine your eligibility for a loan and/or insurance product, we will require certain personal and financial information from you.The information will be made available to iNSNET, your Financial Adviser, product provider (lender or insurer), and any other necessary third parties in relation to implementing the advice.
If at any time you wish to have access to, or correct any of, the information obtained with your permission, please contact us.
Personal and business information may be disclosed to:• Professionals such as solicitors, accountants, insurance advisers and/or valuers when a referral is made at your request.• Other financial institutions and organisations at their request if you seek to obtain products and/or services from them. • If we sell the Financial Advice business, to any prospective purchaser of the business.• The Financial Markets Authority, disputes resolution scheme and/or independent compliance reviewer as required for monitoring or compliance purposes.• Our Professional Indemnity insurer in the event of a complaint. • Lawyers and other professionals, and our insurers (and their advisers), in connection with defending, protecting and/or enforcing our legal rights and interests including defending a complaint, claim or other action.At times, we may be allowed or otherwise obliged to disclose your personal information by law (e.g., under Court Orders or Statutory Notices pursuant to taxation laws). From time to time, this information may be updated and/or changed. We undertake to advise you of material changes to any of the items or products/services noted above via email and/or via post.
More Important InformationFor more information regarding us, our duties and obligations to you, and our complaints process or others, please visit our website:www.insurancenetwork.co.nzwww.insurancenetwork.co.nz/public-disclosure/www.insurancenetwork.co.nz/myduties/www.insurancenetwork.co.nz/privacypolicy/www.insurancenetwork.co.nz/clientdisclosure/www.insurancenetwork.co.nz/ourstatementofservice/
About me
Tom MorrisFinancial Adviser | Christchurch & Timaru
Based in Christchurch and serving clients in Timaru and beyond, Tom Morris has been a financial adviser for the past seven months. Tom specializes in providing tailored advice for Life, Trauma, Income, Mortgage, TPD, and Medical cover, catering to both personal and business needs.
Tom's approach is centered around helping clients secure their future with comprehensive, well-structured insurance plans. Whether you're safeguarding your family or protecting your business, Tom is passionate about delivering practical solutions to meet your goals.
In his spare time, Tom enjoys watching rugby and hosting barbecues with friends and family, embodying his love for community and connection.
Based in Christchurch and serving clients in Timaru and beyond, Tom Morris has been a financial adviser for the past seven months. Tom specializes in providing tailored advice for Life, Trauma, Income, Mortgage, TPD, and Medical cover, catering to both personal and business needs.
Tom's approach is centered around helping clients secure their future with comprehensive, well-structured insurance plans. Whether you're safeguarding your family or protecting your business, Tom is passionate about delivering practical solutions to meet your goals.
In his spare time, Tom enjoys watching rugby and hosting barbecues with friends and family, embodying his love for community and connection.
High Quality
My extensive industry knowledge means I can provide you with the best policy options for your risk protection.
Good Support
No call centres, no jargon. Just a team of experienced advisors dedicated to providing a customer centric approach.
Individual Approach
With a custom-made policy, you will be confident in the knowledge that your loved ones will be taken care of in the worst-case scenario.