Stop Order Placed on Investment Firm by FMA
The FMA has made an interim stop order that applies to Wisdom House Investment Partners and Yuen Pok (Paul) Loo. The regulator says the...
Majority of Kiwis Not Looking to Obtain Life Cover
The most popular story of the week is our report revealing that the majority of kiwis are not looking to obtain life cover...
Research carried...
Partners Life – Business as Usual
Remuneration for financial advisers will not change as a result of Partners Life being sold to Japanese insurer Dai-ichi Life.
Speaking during a webinar on...
Expressions of Interest Wanted For Adviser Council
Fidelity Life is asking advisers to join its Adviser Council. The company says members will meet four times a year to discuss key industry...
Partners Life Sold
Partners Life has sold 100% of its business to Japan-based global insurance giant Dai-ichi Life Holdings for approximately NZ$1billion subject to regulatory approval.
In a...
Newpark CEO Resigns
Tony Dench has resigned as CEO of SHARE and Newpark, but will remain with the firms until the end of the year.
“When I joined...
Cigna Makes Refunds Over CPI Premium Adjustments
Cigna Life Insurance NZ has admitted to making false and/or misleading representations to customers in proceedings brought by the FMA.
The case was filed in...
Rate-Rise Plan Announced by Cigna
Cigna is to increase the underlying premium rates on its current life, trauma and disability cover across assurance extra, business assurance, business extra, and...
Cigna Updated Medical Conditions For 11 Products
Cigna has released details of enhancements to its assurance extra, business assurance, agribusiness extra and business extra policies covering multiple sclerosis, severe diabetes, medically...