Wednesday, November 14, 2018

Company news

Partners Life Reports Record Growth, Expands Team

Partners Life has reported that since 1 April 2018, it has paid more claims and received more new business than any other year since...

New Process Sees Early Resolution of Consumer Complaints – FDRS 

Financial Dispute Resolution Service has reported that 99 percent of its complaint enquiries in 2017/18 were closed through its new early resolution process. Earlier resolution of...

Cigna Acquisition Update

Cigna New Zealand has announced it has been granted final regulatory approval from the Reserve Bank and the Overseas Investment Office for the acquisition...

Insurers Clarify Stance on Overseas Adviser Trips 

With AMP and Partners Life ending their overseas trips, the remaining life insurers weigh in on where they stand. Partners Life announced last week that...

Partners Life Updates Quote Software 

Partners Life has announced it has redesigned and redeveloped its quote software, which will go live from 12 November 2018. The insurer hinted that the...

AMP Sale Update

Financial advisers will no longer be able to offer AMP life insurance policies to clients after the insurer confirmed its risk book would eventually...

AMP New Zealand Sold

AMP will sell its Australian and New Zealand wealth protection and mature businesses to international insurance and reinsurance group, Resolution Life Group Holdings. The A$3.3...

Partners Life Ends Offshore Conferences 

Partners Life has announced its upcoming offshore adviser conference in July 2019 will be its last. In an update to advisers, Managing Director, Naomi Ballantyne, said...

OnePath Sale Update

OnePath has provided a brief update on the progress of its sale to Cigna New Zealand. OnePath Senior Manager Adviser Distribution, Christine Laverty, said OnePath recently...

ANZ Earmarks $374 Million for Advice Remediation in Australia

ANZ will set aside $374 million to compensate Australian customers who received inappropriate advice or for services not provided, including for advice provided by...