Fidelity Life to Buy Westpac’s NZ Life Business for $400 Million
Westpac Group will sell its New Zealand life insurance business, Westpac Life NZ to New Zealand’s largest locally owned life insurer, Fidelity Life.
Completion of...
Date Announced For New Financial Advice Regime
MBIE says the start of the new financial advice regime will be 15 March 2021.
This is the revised date following the delay from the...
Transitional Licensing Deadline Under Review
The 29 June deadline for transitional licensing application may be delayed by the government following pressure from Financial Advice New Zealand and the Financial...
Insurance an Essential Service During Lock-Down
The Government has confirmed insurance is among its list of essential services that need to continue to operate when New Zealand moves to Level...
Financial Advice NZ Defends Risk Commissions
Financial Advice NZ has hit back at criticism by a consumer group for suggesting life insurance advisers knowingly persuade clients to change policies just...
Majority of The Population Underinsured
More than half the people of New Zealand avoid thinking about buying insurance according to a survey by the Financial Services Council (FSC) which...
3,000+ Advisers Exit Major Aussie Institutions – New Report
Major regulatory action post the Australian Royal Commission, combined with strategic exits by major banks along with a 50 percent increase in exits from...
Government Introduces Conduct Bill
The Government introduced the Financial Markets (Conduct of Institutions) Amendment Bill yesterday.
The Bill aims to improve the conduct of banks, insurers and other financial...
Government Announces Conduct Licensing Regime for Insurers and Banks
The Government has announced a new regime to regulate financial conduct, which it says will make banks and insurers treat their customers fairly.
Commerce and...