Wednesday, May 22, 2019

Partners Life Stands Up For Advisers

Partners Life has released a document to highlight the work an adviser carries out over the duration of a long—term life insurance contract and where their commissions are impacted by that work. The insurer stated...

Cigna Co-Launches Children’s Mental Health Initiative 

Cigna and Life Education launched ‘Small Changes Whānau Challenge’ at schools around the country on 9 May. The initiative aims to encourage families to spend more time together to support the mental health of 9-12...

Code Falls Short – Financial Advice NZ

Financial Advice New Zealand has said the newly approved Code of Conduct has lost an opportunity for the sector with inconsistent qualification requirements. It claims the Code has “fallen short” in the crucial area of...

AIA Appoints Vitality Coach

AIA has appointed Grant Thomson to the role of Vitality Coach, ahead of it bringing wellness programme AIA Vitality to New Zealand. The insurer says the Vitality programme will be a game-changer for the life...

Poll Results – Commission Cap Possibility Not a Favoured Choice 

It probably comes as no surprise that the results of our latest poll suggest a capping of life insurance commissions would not be a welcome move among many risk advisers. At the time of writing,...

FMA Cracks Down on FSPR Abuse 

Morgan DeVere Corporate Finance has been convicted at the Wellington District Court on two counts of breaching the Financial Services Providers Act 2008 (FSP Act) for falsely claiming it was registered on the Financial...

Minister Approves Code of Conduct

The Code Working Group has confirmed that the Minister of Commerce and Consumer Affairs, Kris Faafoi, has approved the Code of Conduct on 7 May. "Now that the Code has been approved, there are at...

Suncorp NZ Confident in Strategy for Regulatory Change

Suncorp New Zealand has revealed it has established a specific program of work, to address the issues raised in the FMA/RBNZ conduct and culture review of life insurers. Speaking at a Macquarie Australia Investor Conference,...

Fidelity Life Extends Welcome Campaign

Fidelity Life has announced the extension of its Welcome campaign, which offers new customers their first two months’ premiums for free, to 30 June 2019. The insurer announced the campaign in March when it was...

News in Brief 

Financial Advice NZ Appointment Financial Advice New Zealand has had a new member join its team. Belinda Armstrong will be responsible for membership services, bringing a strong administration background and communication skills. "I have a passion for...