Monday, July 6, 2020

Concerns Raised Over FMA’s A, B, C Licence Proposal

While the FMA's proposed three-class system of licencing financial advisers was roundly welcomed when it was announced by the regulator in June, its A, B, C categorisations for the different types of FAP licence...

New Non-Medical Limits From Cigna

Cigna New Zealand has released details of its new non-medical limits for its Assurance Extra and Business Assurance product suites. The new limits are active now and will also be applied to new business currently...
Craig Winterburn, Share's National Network Development Manager.

Senior Fidelity Life Manager Jumps Ship To Join Share

Craig Winterburn (pictured) has joined Share, a New Zealand-based network of financial advisers, as its National Network Development Manager. Until recently Winterburn was Fidelity Life's General Manager Distribution. He has previously worked for Asteron Life...

FMA Statement Of Intent Defines ‘Fair’

The Statement of Intent, released by the FMA, signals its expectations when it comes to trust and confidence in the financial markets over the coming four years and addresses the question of what it...

AIA NZ Offers Grants Totalling $500,000

AIA New Zealand is offering $500,000 to community groups as part of the firm's Vitality Business and Community Grant Programme. The programme, says the insurer, will help financial advisers make a difference in their neighbourhoods...

Privacy Act Changes Might Catch You Out

With the revised Privacy Bill due to become law on 1 December 2020 specialist privacy lawyers at Dentons Kensington Swan have drawn up a list to help business owners prepare for the incoming changes. Their...

Sale Of AMP Life Completed For $3.2 Billion

AMP has completed the sale of its life insurance business, AMP Life, to Resolution Life. The deal is valued at AU$3 billion (NZ$3.2 billion) for AMP, part of which is a AU$500 million equity interest...

Suncorp NZ’s CEO To Take Up New Role In Australia

Suncorp New Zealand CEO Paul Smeaton is leaving the New Zealand business to take up a newly-created role as Chief Operating Officer - Insurance in Brisbane. The company's Chief Financial Officer Jimmy Higgins will step...

Podcast News Wrap For 1 July 2020

Podcast News Wrap For 1 July 2020 A quality service mark for financial advisers is being proposed by Financial Advice NZ which is seeking feedback on the criteria and design for its ‘Trusted Adviser' accreditation. The...