Industry Responds to FMA Report on Replacement Business Issues
Various industry stakeholders have responded to the Financial Markets Authority’s investigation into conflicted conduct among life insurance advisers (see: FMA Cracks Down...).
The Financial Services Council welcomed the report and Financial Advice New Zealand has...
Asteron Life to Release First SME Insurance Index
Asteron Life has announced it will launch its first SME Index for New Zealand’s life insurance market on 11 April.
The Index aims to support life insurance advisers in tailoring their offering for small and...
Kepa Announces ‘Fit4License’ Programme For Advisers
Kepa has revealed it is working on a framework to enable the dealer to be a licensed entity under the new legislation.
The programme it has named Fit4License, aims to “guarantee” its adviser members will...
AMP Chief Executive Announces Retirement
AMP Chief Executive Officer Craig Meller has announced he will retire at the end of 2018.
The Board has said its chair Catherine Brenner will lead a search for his replacement, looking at candidates internally and...
AIA ‘Industry First’ Product Update
AIA New Zealand has recently announced an enhancement to its Cancer Treatment Benefit product.
With effect from 19 February, the insurer's Cancer Treatment Benefit will now extend to covering the cost of cancer surgery in...
Poll
Adviser Self-Licensing Preference Emerges
Advisers appear to have concluded they want to be responsible for their own licence when the new adviser licensing regime commences later this year.
Almost two thirds (63%) of advisers taking our poll so far...
Fidelity Life Welcomes New Board Member
Fidelity Life has appointed NZ Super Fund's Lindsay Smartt to its Board.
The appointment follows the recent completion of the NZ Super Fund’s $100 million 41.1% cornerstone stake in Fidelity Life, reported in a previous article...
Lack of Succession Plans Among Ageing Advisers, Warns AMP
For the majority of advisers, the time for succession planning is now, says AMP General Manager Advice and Sales, Therese Singleton, but she warns it is concerning that so few have a plan in place.
“The...
Kepa CEO to Step Aside
Kepa co-founder and chief executive Jeff Page, has announced he will step aside from his CEO role saying, “...it is an opportune time for Kepa to transition to new leadership”.
A veteran of the industry with...