Sunday, July 12, 2020

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...

Poll

Will You Join A FAP Or Go It Alone?

With MBIE's announcement that the FAP licence regime will start on 15 March 2021, and the FMA having released details of its proposed three-class licence system, financial advisers will soon have to decide whether...

Insurers Criticised Over Life Code Obligations

A number of Australian insurers, including the larger life companies, have been asked to strengthen their commitment to the Life Insurance Code of Practice, following claims they have not been taking their code obligations...

Minister Grant Robertson To Speak At FSC Conference

Two of the keynote speakers confirmed for the Financial Services Council's annual conference on 9-10 September are Minister of Finance Grant Robertson and Paul Goldsmith, opposition spokesperson for finance. The FSC is holding the conference...