Monday, September 24, 2018

Former PAA Chair Weighs in on Insurance Claim Media Coverage

Professional Advisers Association Former Chairperson, Bruce Cortesi, has renewed his earlier concerns on the portrayal of an insurance claims case by consumer affairs television programme, Fair Go, aired in May this year. Cortesi spoke with...

2018 FSC Conference Wrap 

The Financial Services Council (FSC) and Workplace Savings NZ (WSNZ) delivered a high-level, thought-provoking conference, during the two-day national event held on 6-7 September at the Pullman Hotel in Auckland. The ‘Shaping Futures’ conference was...

Australian Royal Commission Will Not Examine Life Insurance Advice

Financial advice related to life insurance will not be examined during the current round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry currently taking place in...

FSC Launches New Code of Conduct

The Financial Services Council (FSC) has launched its new Code of Conduct, containing a new set of standards and guidance for its members. Developed by FSC members, the Code will come into effect on 1...

Asteron Life Releases Trauma Enhancements

Asteron Life has released a raft of new product enhancements across its Trauma Cover. Asteron Life Manager - Platforms and Product, Robyn Bartlett, says the enhancements intend to increase claim-ability and flexibility for its customers. The...

FSC Set to Release Code of Conduct For Members 

The Financial Service Council (FSC) will launch its long-awaited Code of Conduct this week, following nearly two years in development. The new Code for the FSC's institutional members is designed to improve consumer outcomes and...

Non-Disclosure Tops Life Insurance Complaints

Non-disclosure was the top complaint issue for health, life and disability insurance-related complaints made to the Insurance & Financial Services Ombudsman Scheme (IFSO), in the year ended 30 June 2018. The IFSO received the highest...

Too Few Kiwis Seek Advice: Financial Advice NZ 

Financial Advice New Zealand has referenced two key statistics as part of its support for Money Week, taking place from 3-9 September: Each year in 54,800 Kiwi households, the main earner’s income is lost...

Fidelity Life Launches New Cover For Farmers 

Fidelity Life has released an offer for new farmers to help cover the cost of a replacement if they are hit by illness or injury early in their career. Designed for farm owners, managers, sharemilkers...

S&P Announces Rating Drop For AMP’s Life Insurance Business

Standard & Poor has lowered the credit ratings for AMP Life Limited from AA- to A+. The rating agency also lowered the outlook for AMP Bank Limited from stable to negative. AMP stated the ratings changes are...