Important Disclosure Information for Bryan Tucker

This document complies with the Financial Markets Conduct (Regulated Financial Advice Disclosure)
Amendment Regulations 2020. 

Nature & Scope of the Advice

I will provide you with financial advice in relation to your personal insurances (life and health). I only provide financial advice about life insurance from AIA, Asteron Life, Cigna, Fidelity Life and Partners Life. I only provide financial advice about health insurance from Accuro, AIA, nib, Southern Cross, Partners Life and Unimed.

Reliability History

Neither Vesta Cover Limited nor I have been subject to a reliability event.

A reliability event might materially influence you to decide whether to seek advice from Vesta Cover Limited or me. As an example, it would include legal proceedings against me or if I had been discharged from bankruptcy in the last four years.

Identifying Information

Bryan Tucker, Vesta Cover Limited

I am a financial adviser (FSP99884), and I am giving advice on behalf of Vesta Cover Limited, trading as Vesta Cover.

My details are as follows:

Name: Bryan Ernest Tucker
Phone: 021 467 424
Address: 237 Kilkenny Drive, East Tamaki Heights, Manukau 2016 

Fees & Expenses

I will not charge a fee for the financial advice I will provide you unless you cancel or reduce any life or health policy I help you implement within two years of its inception.

I may charge a fee for the financial advice I provide if you cancel a life or health insurance policy within two years of inception. The fee charged for the financial advice provided to you will be calculated on the following basis: $990 (plus GST) or a portion thereof, depending upon the length of time the policy was in force. While I cannot provide you with an estimate of the fee for advice at this time, I will confirm this with you in my statement of advice.

This fee will be payable by you by the 20th of the month after the policy is cancelled.

If I agree to provide you with consultancy advice related to claims advocacy or other matters, I will negotiate my fee with you before giving service. 

Conflicts of Interest & Incentives

Vesta Cover receives commissions from the relevant insurance company if you take out insurance following my advice. The commissions are between 30% and 200% of the first year’s premiums of your policy – the amount depends on whether I discount your premiums, which insurance company and which insurance policy you choose. Vesta Cover also receives a commission of between 5% and 15% of the premium for each year the policy remains in force.

Also, for Partners Life policies, Vesta Cover receives a commission of 30% of the first year’s premiums of your policy, depending upon which insurance policy you choose.

As a significant shareholder of Vesta Cover, I benefit from these commission payments.

To ensure that I prioritise your interests above my own or Vesta Cover’s, I follow an advice process that ensures my recommendations are made based on your individual goals and circumstances. I complete annual training about how to manage conflicts of interest. We undertake a compliance audit and a review of our compliance programme annually.