Sunday, May 27, 2018

Aussie Royal Commission Causing a Stir in NZ 

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New Zealand market. Financial Markets Authority Chief Executive, Rob Everett, and Reserve Bank of New Zealand Governor, Adrian Orr,...

Poll

Trauma or Critical Illness…?

Our latest poll stems from a call by the Insurance & Financial Services Ombudsman for the industry to move away from using the term 'trauma insurance'. The Ombudsman, Karen Stevens, was commenting on how consumers...

Advisers Key to Combating Trauma Policy Confusion

Insurance & Financial Services Ombudsman (IFSO), Karen Stevens, has warned that the term ‘trauma’, used to describe trauma insurance cover, is too generic and doesn’t fully encapsulate how specific this type of cover can...

Greater Disclosure Will Help Industry Long-term, Says AFA  

Although tighter requirements around disclosure may cause ‘short-term pain’ for RFAs, the changes will strengthen the industry in time, says Cave Financial's Managing Director, Michael Cave. Cave's comments follow MBIE's recent announcement that it is seeking...

Asteron Life Announces New Flexible Cover 

Asteron Life has announced the launch of its new Mortgage and Living Cover, designed for customers looking to protect their home and lifestyle. Effective 30 April, the product is an update to Asteron’s previous Mortgage...

AIA Reveals Details of AIA And Airpoints™ Loyalty Programme 

AIA has announced that clients can now earn one Airpoints Dollar for every $100 of premium they pay on an AIA policy for eligible AIA products, effective 1 May. This follows the announcement from the...

Launch of New International Paraplanning Standard

A new International Paraplanning Standard benchmark has been released in the UK this week. Initiated by UK consulting firm, Standards International, the Paraplanning Standard has been designed to provide a new framework for excellence within...

AMP Chair Resigns Following Royal Commission Revelations

The Chair of the Board of AMP, Catherine Brenner, has resigned, effective immediately following revelations at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in Australia, that the company...

Royal Commission: AMP, Banks May Face Criminal Charges Over Advice Failings

Australia's Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been told that AMP and the four major Australian banks may all face criminal charges for breaches of the Corporations...

Lifetime Group And Camelot NZ Merge

Lifetime Group Limited and Camelot NZ Limited this week announced they intend to merge, creating one of New Zealand’s largest independent financial services companies. Camelot will acquire Lifetime with effect from 30 April 2018, with...