Tuesday, May 17, 2022

FSC Critical of Income Insurance Scheme Process

The Financial Service Council has strongly criticised the rushed nature, timing and lack of prior industry consultation associated with the Government's proposed New Zealand Income Insurance Scheme. Initially released for consultation in February (see: Government...

Supporting Vulnerable Customers More Important During Hardship – Asteron Life

The cost-of-living crisis has heightened the need for insurers to support customers experiencing financial vulnerability, says Grant Willis, Head of Asteron Life. Speaking at a recent industry event, Willis explained what Asteron Life is doing...

Help Offered in Countdown to Full FAP Licence Deadline

Partners Life is holding a webinar to help transitional FAP licence holders apply for a full licence by the FMA's deadline. The insurer says the regulator has made it clear that if FAPs don’t apply...

Three New Products Launched by AIA

Three digital-only starter plans have been launched by AIA NZ to help Kiwis step onto the 'protection ladder' without needing to consult a financial adviser. The firm's CEO Nick Stanhope says 71% of the country's...

Free Wellness Box for New nib Customers

A free 'Better Health Box' is being offered by health insurer nib to encourage new customers to take out an Easy Health, Ultimate Health, or Ultimate Health Max policy. The Health Boxes contain a variety...

Southern Cross Healthcare Appoints New COO

Southern Cross Healthcare, which runs and manages private hospitals, has appointed Mark Stewart (pictured) as its Chief Operating Officer. Stewart arrives at Southern Cross from PwC where he led the company’s engagement with national telehealth...

Compliance Refinery Adds to its Team

Paraplanner and qualified compliance professional Sheena Hall has joined Compliance Refinery as a Compliance Practitioner. Hall, who will work from her base in Tauranga, has 30 years' experience in the financial services industry and holds...

New Platform Launched for Kiwisaver Advice

A new service that can open the door for advisers to have client conversations about Kiwisaver certainly caught the attention of RiskinfoNZ readers this week... Financial advisers are being offered a way to talk with...

AU Court Finds Licensee Failed to Manage Cybersecurity Risks

In an Australian first, the Federal Court has found Australian Financial Services licensee, RI Advice, breached its license obligations to act efficiently and fairly when it failed to have adequate risk management systems to...

AIA Airpoints Promotion Takes Off

AIA has launched a promotion offering clients five Airpoints Dollars for every $100 in premiums paid on qualifying policies for the first three months. The firm says applications must not be for the replacement of...