DISCLOSURE
Conflicts Of Interest And Incentives
Aurora Financial

For life insurance, health insurance, general and commercial insurance, Aurora Financial receives commissions from the insurance companies on whose policies we give advice. If you decide to take out insurance, the insurer will pay a commission to Aurora Financial. The amount of commission received varies as it is calculated as a percentage of the insurance premium charged.

For mortgages, Aurora Financial receives commissions from the banks (or lenders) with whom we arrange mortgages. If you decide to take out the mortgage, the bank will pay a commission to Aurora Financial. The commissions range between 0.55% and 0.85% of the value of the mortgage. The amount depends on which lender and what type of mortgage is decided. In addition, we receive a commission of between 0% and 0.2% of the remaining balance each year.

For KiwiSaver and managed investment products, Aurora Financial receives commissions from the provider if you decide to take our limited advice on those products. The amount of commission is based on the KiwiSaver balance and the managed funds balance.

Most of our advisers are full-time employees and remunerated with competitive salaries and "great client outcomes" bonuses.

From time to time, product providers may also reward us for the overall business we provide to them. They may give us tickets to sports events, hampers, or other incentives.

To ensure that our financial advisers prioritise our clients' interests above their own, we follow an advice process that ensures our recommendations are made on the basis of each client's goals and circumstances (unless it is a limited advice). All our financial advisers undergo annual training about how to manage conflicts of interest. We undertake a compliance audit, and a review of our compliance programme annually by our compliance team.

Him Enterprises Limited

For life insurance and health insurance, HIM Enterprises Limited receives commissions from the insurance companies on whose policies they give advice. If you decide to take out insurance, the insurer will pay a commission to HIM Enterprises Limited. The amount of the commission is based on the amount of the premium.

For KiwiSaver and managed investment products, Aurora Financial, as the trading company receives commissions from the provider if you decide to take our limited advice on those products. The amount of commission is based on the KiwiSaver balance and the managed funds balance.

From time to time, product providers may also reward us for the overall business we provide to them. They may give us tickets to sports events, hampers, or other incentives.

To ensure that their financial advisers prioritise our clients' interests above their own, they follow an advice process that ensures their recommendations are made on the basis of each client's goals and circumstances (unless it is a limited advice). All their financial advisers undergo annual training about how to manage conflicts of interest. Aurora Financial monitors the compliance of HIM Enterprises Limited and provides additional training to its advisers where necessary. Aurora Financial performs an annual review of their compliance programme.

Caleb Baker Limited

For life insurance, health insurance, Caleb Baker Limited receives commissions from the insurance companies on whose policies they give advice. If you decide to take out insurance, the insurer will pay a commission to Caleb Baker Limited. The amount of the commission is based on the amount of the premium.

For KiwiSaver and managed investment products, Aurora Financial, as the trading company receives commissions from the provider if you decide to take our limited advice on those products. The amount of commission is based on the KiwiSaver balance and the managed funds balance.

From time to time, product providers may also reward us for the overall business we provide to them. They may give us tickets to sports events, hampers, or other incentives.

To ensure that their financial advisers prioritise our clients' interests above their own, they follow an advice process that ensures their recommendations are made on the basis of each client's goals and circumstances (unless it is a limited advice). All their financial advisers undergo annual training about how to manage conflicts of interest. Aurora Financial monitors the compliance of Caleb Baker Limited and provides additional training to its advisers where necessary. Aurora Financial performs an annual review of their compliance programme.