Podcast News Wrap For 12 January 2021


Partners Life

Partners Life is preparing to list on the New Zealand Stock Exchange, but only when the time is right, says the firm’s Managing Director Naomi Ballantyne.

Just before the year-end the firm announced its purchase of BNZ Life for $290 million and confirmed plans to launch an Initial Public Offering.

While saying any IPO needs to be in a market that is conducive to its success, Ballantyne says the firm has a dividend strategy in place.

Massey University Offers Advisers New Route to Level 5 (v2) Qualification

Massey University has partnered with Australian firm Kaplan Professional to help advisers obtain the New Zealand Certificate in Financial Services (Level 5) [Version 2].

Financial advisers with a transitional licence will have two years in which to qualify if they want to offer financial advice after their licence expires.

Poll Result

Our last poll question of 2020 asked if the decision by NZI to limit its professional indemnity insurance to FAPs with three or more advisers is a cause for concern. An overwhelming 90 per cent of you say it is – and there’s still time to cast your vote. Of the remaining voters, 6 per cent indicate the decision isn’t an issue, and 4 per cent aren’t sure.

Doing Good is Good for Business

Caring about customers is a business imperative as well as an ethical one for insurers, says Liz Zhu, a Medical Officer at Southern Cross Health Society. She says seizing the opportunity to drive societal impact increases the likelihood that the business, and the insurance industry, will grow and thrive over the long term.