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OnePath and Cigna Admit to Fair Dealing Breaches
OnePath Life and Cigna New Zealand will jointly pay $180,000 to the FMA after admitting liability for breaching the fair dealing provisions of the Financial Markets Conduct Act 2013 (FMCA).
The breaches relate to misleading...
OnePath Penalised Over Direct Insurance Sales Practices
In Australia, ASIC says OnePath Life is remediating up to $35 million to more than 40,000 customers who were sold life insurance policies over the phone between 2010 and 2016, through sales practices associated...
OnePath Ceases Paper Applications
OnePath in Australia will no longer accept paper applications from July 15 2020.
In a message to advisers, in its regular monthly update, the insurer notes it has made this decision in response to the...
Transfer of OnePath to Cigna Completed
Cigna New Zealand has combined its OnePath and Cigna New Zealand businesses following approval from the Reserve Bank of New Zealand (RBNZ).
The transfer of the OnePath business to Cigna was completed on 31 January....
OnePath Merges Into Cigna
OnePath will officially be merged into Cigna at the end of the month following a merger that took just over a year.
Cigna New Zealand obtained final regulatory approval from the Reserve Bank of New...
Cigna Releases Further Enhancements to OnePath Life Products
Cigna New Zealand has released a second round of changes to its OnePath Life product range.
“The latest enhancements are driven by our focus to ensure customers have the right cover to meet their changing...
Cigna Releases OnePath Product Enhancements
Cigna New Zealand has released some initial product changes to its OnePath product suite, the first of a series of planned enhancements it confirmed will roll out over the next 12-18 months.
Cigna stated its...
Cigna Welcomes OnePath Leaders Onboard
Cigna has reported its new team from OnePath have settled in well, a week after Cigna’s official acquisition of ANZ’s One Path.
Chief Executive, Gail Costa, is positive about progress so far, saying the long...
Cigna Plans For Advisers, OnePath Acquisition Ahead of Schedule
Cigna New Zealand has confirmed it will officially merge with OnePath Life on 30 November 2018, ahead of its originally intended early 2019 completion date.
The life insurer announced in May that it had agreed...