YG Financial Services
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Public Disclosure

Important information about YG General Limited

Licensing Information

YG General Limited is a registered financial advice provider (Authorised Body) under a full license, effective from 16 January 2024, with registration number FSP1006415. We are regulated by the Financial Markets Authority (FMA). For more details about our registration, please refer to https://fspregister.companiesoffice.govt.nz here.

YG General Limited (referred to as “YGG” or "we" or "us"), is a named entity authorised to provide financial advice services under the Financial Advice Provider Class 2 License held by Folio.Insure Limited (Folio) with FSP registration number FSP1003687.

Nature and Scope of the Advice

YG General Limited’s Financial Advisers specialise in providing financial advice on commercial, domestic, and personal insurance, commonly known as General Insurance. Our primary objective is to assist clients in safeguarding their income, assets, and liabilities to mitigate financial repercussions in adverse circumstances.

We do not provide guidance on Life and Health Insurance, Investments, Kiwisaver, Medical Insurance, or Mortgages. If you seek advice on these products, we can connect you with a specialist.

We do not have any significant limitations or restrictions on the scope of the financial advice services we offer. In the event of any such limitations or restrictions, we will promptly disclose them to you.

Folio is a member of Steadfast NZ Limited (Steadfast), an organisation that provides purchasing benefits and support services to enhance the quality of our financial advice services.

Product Providers

YG General Limited offers financial advice on a wide range of products from various New Zealand-based and overseas providers. Some of our key products and providers include:

Fees, Expenses, or Other Amounts Payable

We earn our income through fees, commissions from providers, or a combination of both. Fees for advice and implementation are based on the complexity and time required, and they will be clearly outlined in your invoice. Adjustments to your insurance during the policy period may also incur a fee, which will be indicated on your invoice.

Folio retains a portion of these fees for the professional services they provide to YG General Limited. Additionally, other fees unrelated to financial advice, such as credit card fees, will be disclosed in our recommendations.

Conflicts of Interest and Incentives

We want to be transparent regarding potential conflict of interests.

  • Yang Gu and Channel Lee, directors at YG General Ltd, also serve as directors at YG Financial Services Ltd. While we are dedicated to managing this conflict effectively, we believe it's important to inform you so you can make informed decisions. We assure you that we have internal processes to mitigate any conflicts. If you have questions, please reach out.
  • When arranging insurance, providers may pay us a commission based on the Company Premium and Natural Disaster premium (if applicable). In cases of policy cancellation, we may retain a portion of the commission from any refund to you.
  • Referral arrangements may involve us paying a percentage of commissions and/or fees to the referring entity. If conflicts of interest arise, we will disclose them and take appropriate action to ensure your interests are prioritised.

Our financial advisers are committed to prioritising your interests above their own, and we maintain a register of conflicts, gifts, and incentives to uphold transparency.

Premium Funding

Premium funding allows you to pay insurance premiums in instalments instead of a lump sum. Premium funding companies charge interest and may have the authority to cancel your policy for non-payment. 

In premium funding arrangements, the funding company pays YG General Limited a commission based on the funded amount. Folio retains a portion of this commission for services provided to YG General Limited.

We will disclose the specific amount when determining the scope of advice and your preference for instalment payments.

Complaints Handling & Dispute Resolution

For information about our internal complaints process, please refer to our Complaints and Disputes process here.

Duties Information

YG General Limited, Folio and anyone who gives financial advice on their behalf have duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice.

We are required to:

  • give priority to your interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests;
  • exercise care, diligence and skill in providing you with advice;
  • meet standards of competence, knowledge and skill as set by the Code of Professional Conduct for Financial Advice Services.
  • meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for Financial Advice Services.

These are designed to make sure we treat you as we should and give you suitable advice.

This is only a summary of the duties that we have. More information is available by contacting us, or by
visiting the FMA website here.

Contact Information

Phone: 09 413 5027
Email: insurance@yourgeneration.co.nz
Address: A1/17 Corinthian Drive, Albany, Auckland 0632
Website: www.yourgeneration.co.nz


Authorised Body
is an entity named on a financial advice provider’s licence that can provide the licensed service without needing its own licence. Authorised Bodies must register on the Financial Service Providers Register as a financial advice provider.

Financial Advice
a recommendation or an opinion about buying or selling financial advice products

Financial Advice Provider
a business or individual who provides a financial advice service.

Financial Advice Service
is an individual registered on the Financial Service Providers Register to provide a financial advice service, who is not a financial advice provider.

Financial Markets Authority (FMA)
is the New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets.

Financial Service Provider
FSP refers to Financial Service Provider a person who provides or offers to provide a financial service (as per the FSP Act)

Financial Service Providers Register (FSPR)
a searchable register of people, businesses and organisations that provide financial services in New Zealand. The register contains key information about FSPs including the financial services they provide, any relevant licences they hold and the dispute resolution scheme they belong to.

Full Licence 
held by Financial Advice Provider Folio.Insure Ltd and approved by the FMA on the 24 November 2022

Our Clients’ Experiences

Xuan Tang
Xuan Tang
Very professional and excellent service. Highly recommended.
Ruby Wei
Ruby Wei
YGFS has provided us with their professional advice and services. Absolutely fantastic team to recommend to someone who need a professional team for their insurance 👌👍
Winnie Wang
Winnie Wang
YG Insurance has provided me with excellent service and peace of mind. Their customer support is outstanding, guiding me through the enrollment process and addressing all my concerns. Highly recommended!
Tiffany Yee
Tiffany Yee
Yang is the insurance superhero for sure! You will never go wrong with him, super knowledgeable and professional, highly recommended.
Sophia Su
Sophia Su
Absolutely deserve 5 star thumb up! Always friendly, reliable and available. Yang takes takes his time, answering all my tricky questions, being patient and thorough. Really appreciate that I am able to find such a company that takes care of myself and all of my concerns towards ever aspect of my life! Definitely will recon to friends and colleagues~~
Excellent customer services, professional explanations through out different financial products, made the complications so easy for us. From the insurance to Kiwi saver, we would certainly recommend Yg to others!
Michael L
Michael L
Very knowledgeable, understanding and works with you to find the right cover to ensure it meets your needs. I would highly recommend Yang's services!
Tracy cao
Tracy cao
Yang is a very experienced insurance advisor, he has a wide range of insurance service skills both for personal and business. Highly recommended Yang and his team!
YuLong Ning
YuLong Ning
Mr. Gu Yang was a very professional and outstanding insurance financier. He took care of what we thought and tried his best to meet our needs. At the lowest price and the best quality service, we felt the power of professionalism. Before we met YG team, we had also commissioned several other insurance financiers, but most of them were mainly for the benefit, and did not put the customer situation first, thanks to Gu Yang and his team. Highly recommended to everyone
Gratia Gu
Gratia Gu
Highly recommended! Gu Yang gave me the most professional advice for my Kiwi Saver. And Personal insurance.
© YG Financial Services 2024 All Rights Reserverd.
Contact Us
09 413 5027A1, 17 Corinthian Drive Albany, Auckland 0632
Po Box 300214, Albany,
Auckland 0752