Monday, July 13, 2020

Nadine Tereora, Partners Life's Chief Operating Officer.

Nadine Tereora Joins Partners Life

Nadine Tereora (pictured), who resigned as Fidelity Life's CEO in May, has been appointed Chief Operating Officer at Partners Life. Tereora will start her new role early next year. (see our story: Fidelity Life...

Lockdown Lowered Stress Levels

A study by Southern Cross has tracked the physical, emotional and social health of more than 3,000 New Zealanders. Research by the insurer and private healthcare organisation, began in 2019 and data reveals changes in...

AMP Life Sale Puts Regulations In The Spotlight

The sale of AMP Life to Bermuda-based Resolution Life has called into question the rules that apply to such transactions. The transfer of the insurance business was given the blessing of the Reserve Bank of...

Why Insurers Should Offer ‘Simple’ Products

Insurers should look at providing simpler products that could be cheaper for consumers who face reduced household income due to Covid-19's impact on the economy. That's the view of Lee-Ann du Toit, a Partner in...

Call For Transitional Licence Applications

The FMA is encouraging financial advisers to apply for their transitional licences by the end of the year, as the Government announces final details of the new financial advice regime. The Government has released the...

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 original date of 29 June 2020. The impact of Covid-19...

Quality Service Mark Proposed For Financial Advisers

A quality service mark for financial advisers is proposed by Financial Advice NZ which is now seeking feedback on the criteria and design for its 'Trusted Adviser' accreditation. “This mark, once finalised and approved, will...

Wide Adoption Of Incoming Requirements

Following a recommendation by David Ireland, a partner at law firm Dentons Kensington Swan, that financial advisers start adopting some of the incoming regulatory standards ahead of next year's introduction of the Financial marketing...

Sale Of AMP Life Gets Green Light

The Reserve Bank has finally approved the sale of AMP Life to Resolution Life New Zealand, on condition a trust is created to protect policyholders. AMP says the sale will complete on 30 June...