Thursday, July 19, 2018

2018 MDRT Annual Meeting Wrap

The 2018 MDRT Annual Meeting, held this year in Los Angeles, was attended by more than 15,000 advisers from 53 different countries. In addition to the usual outstanding and diverse array of presentations, this year's...

Millennials to Rely on KiwiSaver in Old Age

New research commissioned by the Financial Services Council (FSC) has concluded that millennials are going to be ‘Generation Kiwisaver’, as they become more reliant on the savings scheme as their main source of income when...

FSC Welcomes KiwiSaver Changes  

A number of proposed KiwiSaver changes contained in the Taxation Bill were introduced to Parliament this week. The changes in the Bill included: Opening KiwiSaver to over 65s Establishing new employee contribution rates of 6%...

AIA Completes Acquisition of Sovereign 

UPDATE: Russell McVeagh has advised Commonwealth Bank of Australia (CBA) on the sale of Sovereign to AIA International Limited (AIA) for AU$1.275 billion. AIA Group has announced that AIA International Limited has successfully completed its acquisition...

Cigna Launches ‘Life is Beautiful’ Campaign

Cigna Insurance has launched a new brand campaign, aimed at striking a chord with younger New Zealanders during key moments in their lives. Cigna Head of Marketing, Suzanne de Geus, says the campaign is about...

Helping Your Clients Spot Their Greatest Asset

An Irish adviser and international speaker shared an idea on how advisers can increase business by helping clients identify what their greatest asset is. Anthony Matthews Jones of AMJ Financial was one of the presenters of a focus...

Financial Advice New Zealand Up and Running  

The new organisation for the future of financial advice is now officially in operation. Financial Advice New Zealand confirmed its membership is currently 1500 strong and that new members are joining every day. Financial Advice New...

Aussie Regulator Commences Legal Action Against AMP Over Life Insurance ‘Rewriting’

Australia's corporate regulator, ASIC, has begun court proceedings against AMP Financial Planning (AMPFP) alleging some of its advisers engaged in conduct to rewrite life-insurance business to receive higher commissions, and so breached their best...

Tap Into Employment to Encourage Financial Advice, Says Insurer 

The Managing Director of Partners Life has suggested that the industry turn to employment as a channel to connect people with the concept of financial advice. Naomi Ballantyne spoke out whilst in attendance at the...

Fidelity Life BDM Dies in Car Accident

Long-time Fidelity Life Business Development Manager, Cary Veenhof, has died at age 53, following a road accident on 20 June. “The tragic death of Cary Veenhof is being felt keenly by colleagues past and present...