Public Disclosure Statement

Public Disclosure Statement

Last updated 4 March 2026

Licensing Information

At Overfifty Limited, we’re proud to operate as a registered financial advice provider (Authorised Body of) with registration number FSP773674.

Our work is regulated by the Financial Markets Authority (FMA). You can explore more about our registration here.

Our team at Overfifty Limited (or simply “we” or “us”) are authorised to deliver financial advice services under the Financial Advice Provider Class 2 License held by Community Broker Network Limited (CBN NZ), FSP registration number FSP1003687, under a full license granted on 20-Dec-2023.

 

Nature and Scope of Our Advice

Our advisers are skilled in providing guidance on a variety of domestic insurance products—often grouped as Fire and General Insurance. We’re here to help you protect your personal assets, reducing the financial impact if the unexpected happens.

We focus solely on Fire and General Insurance and do not offer advice on Commercial, Liability, Life and Health Insurance, Investments, Kiwisaver, Medical Insurance, or Mortgages. However, if you need advice on these products, we’re happy to connect you with a trusted specialist.

CBN NZ is affiliated with Steadfast NZ Limited (Steadfast), which supports us in delivering high-quality advice through purchasing advantages and enhanced service support.

Our financial advice spans a variety of products from New Zealand-based providers. Here are some key offerings:

Insurance Category

Products:

  • Domestic Property and Contents Insurance
  • Private Motor Vehicle Insurance
  • Pleasurecraft Insurance
  • Travel Insurance
  • Contract and Project Insurance
  • Marine Cargo Insurance
  • Camper Insurance

Providers:

  • Ando Insurance Group Limited (The Hollard Insurance Company Pty Limited)
  • Star Insurance Ltd as Underwriting Agents for Berkshire Hathaway Specialty Insurance
  • Vero Insurance New Zealand Limited
  • Classic Cover Insurance underwritten by Lumley, a business division of IAG
  • Vero Marine Insurance, an operating division of Vero Insurance New Zealand Ltd

Fees, Expenses, or Other Costs

We earn through a combination of fees and commissions. Fees are based on the time and complexity involved in setting up your policy, and any adjustments or cancellations during the policy term may incur a fee as outlined on your invoice. Any fee will be disclosed to you at the time the advice and quotation is provided or prior.

Any additional charges, like credit card fees, will be disclosed in our recommendations.

Conflicts of Interest and Incentives

We may receive a commission from insurance providers based on your premium. The commission rate is flat, and it set by the insurers. It varies from 8-25%. If your policy is cancelled mid term, this commission may be retained by us.

The portion of commission will be made known to you at the time of Advice, Quote, or prior (i.e. when the scope of the advice is known).

Any referral fees we pay to partners are based on commission arrangements. If a conflict of interest arises, we will promptly disclose it and prioritise your interests.

Our advisers are dedicated to acting in your best interests, supported by a conflicts and gifts register to maintain transparency.

CBN NZ retains a portion of the income for professional support to us.

Premium Funding:

Insurance premium payments are due to the insurer annually in a lump sum. To assist with cashflow, we work with third party premium funding facilities, allowing you to take a loan for the lump sum and pay your insurance premium back over instalments.

Please note, this service is a credit contract with a third party premium funder, and they charge interest and a set-up fee. Premium Funders can cancel policies for non-payment of installments.

In these arrangements, the funding company may pay us a commission on the amount funded.

Complaints Handling & Dispute Resolution

If you have feedback or concerns, first please discuss this with your adviser. Please refer to https://cbnnz.nz/complaints-process/ for our full Complaints and Disputes process. We’re here to resolve issues efficiently and transparently.

Reliability Event

We, and our personnel, have not been subject to a reliability event.

Our Duties to You

Under the Financial Markets Conduct Act 2013, we, CBN NZ, and anyone advising on their behalf are committed to:

  • Giving priority to your interests by taking all reasonable steps to ensure our advice is not materially influenced by our own interests.
  • Exercising care, diligence, and skill in providing you with advice.
  • Meeting standards of competence, knowledge, and skill as set by the Code of Professional Conduct for Financial Advice Services.
  • Meeting standards of ethical behaviour, conduct, and client care as set by the Code of Professional Conduct for Financial Advice Services.

For more details on these obligations, feel free to contact us or visit the FMA website.

Contact Information

Brian Gilmour
0273135612
enquiries@overfifty.co.nz
Hawkes Bay

Please see our Adviser Scope of Service document for more information about our services.

Glossary

For your reference:

  • Authorised Body: An authorised and registered entity, named on a provider’s license, enabling them to offer licensed services.
  • Financial Adviser: A registered and qualified financial adviser with skill, experience and scope in specific market products and financial services.
  • Financial Advice: Recommendations regarding suitable financial advice products for you.
  • Financial Markets Authority (FMA): NZ’s regulatory body overseeing financial services and securities markets.

Let us know if you have questions or if there’s any way we can support you.