Podcast News Wrap For 13 October 2020


Asteron Life

Asteron Life has raised its upfront commission rate to 190% and topped it up with a temporary 10% to offer financial advisers a 200% commission rate. The firm’s Graham Hill, executive manager Life Distribution says the changes will help to support the business and the industry to remain sustainable for the long term. Asteron Life says this will be reviewed at the end of June 2021.


Health insurer nib is extending some of its member support packages, first introduced in April, until the end of the year due to the ongoing Covid-19 situation. The firm is also offering two-months’ free cover for new clients signing up for selected healthcare policies using its nibAPPLY system by 31 January 2021.


More public-private health partnerships are the key to delivering a more sustainable health system for New Zealanders, says Rob Hennin, CEO of health insurer nib. He says sweeping changes were recommended in a recent Health and Disability System Review, and how the next government responds to those will set the direction for the country’s healthcare system. Hennin says more services can be delivered at home or in the community, in partnership with private providers.

Cygnus Law

Cygnus Law has published a guide to help financial advisers understand their obligations under the disclosure rules that will apply from 15 March next year. The Auckland-based company says the new regulations do not require that particular records of disclosure be kept, but recommends financial advisers retain relevant documents or other evidence that the required information was provided to clients.

Poll result

The current poll running at RiskInfoNZ asks if you are considering the introduction of a ‘fee-for-service’ component for new clients? Poll results so far show that 65% of you say no, 25% say yes, and 10% aren’t sure. There’s still time to cast your vote…

Social Media

Auckland social media marketing firm Mosh has released a report to help SMEs build their brand via Facebook and Instagram. Mosh’s Julian Thompson says Facebook is the most important social media platform for businesses and says business owner should create a Page on the platform to promote their business.

Southern Cross

Southern Cross is partnering with the Pause Breathe Smile charitable trust and the Mental Health Foundation to promote a programme that provides children with the tools to navigate life’s ups and downs. Pause Breathe Smile is a locally developed and internationally recognised mindfulness-based wellbeing programme offered to schools free of charge.