Thursday, July 19, 2018

Partners Life Releases Product Change

Partners Life has made changes to its Agreed Value disability products, effective 25 June 2018, it revealed in a newsletter update. The changes affect the following products: Income Cover Agreed Value, Agreed Value Taxable, Agreed...

Regulators to Visit Insurers, Banks Following Submissions

The Reserve Bank and Financial Markets Authority (FMA) have confirmed they will conduct on-site visits to the life companies and banks, as part of the ongoing conduct and culture review. In the announcement made last...

AMP’s New Chairman Commences

AMP has announced the appointment of David Murray AO as Chairman of its Board of Directors has been made with immediate effect. Murray agreed to accept the chairmanship on 4 May 2018, when AMP announced...

Poll

Risk Commissions Poll Results

The results of our latest poll suggest most Kiwi advisers are comfortable with their current commission arrangements - but the sentiment is not universal. As we noted last week, it may be have been a...

Pull Your Heads Out of the Sand, Warns FMA

FMA Chief, Rob Everett, says he hopes the banking and life insurance sectors have pulled their collective heads out of the sand when it comes to conduct and culture. In a newsletter update on the...

Asteron Life Appoints New Distribution Leader

Asteron Life has appointed Graham Hill as its new Executive Manager Life Distribution, effective 9 July 2018. Hill’s career has spanned both the life insurance and banking sectors, including seven years spent at Sovereign as...

Kepa Announces New CEO

Kepa has appointed Brendon Neal as its new Chief Executive Officer. Neal replaces Kepa founder, Jeff Page, who announced his retirement earlier this year. A leader in financial services, Neal brings more than 20 years of...

Special Meeting Outcome a Win for Members, Says PAA

Members of the Professional Advisers Association have voted to approve the Association's Holiday Home Legacy Trust. In what PAA CEO, Rod Severn, described as a win for the Association and its members, the member vote...

More Fallout From Aussie Royal Commission

Turmoil in the Australian financial advice sector continues, with news over the weekend that a top-ten advice licensee has closed its doors. Non-aligned financial advice group, Dover Financial Advisers, told its firm of almost 400...

Poll

Are Risk Commissions Too High?

Our latest poll is based on a recent report released by the Reserve Bank which includes a statement that life insurance commissions in New Zealand '...are particularly high' (see: Reserve Bank Questions Risk Commission...