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Australian Fintech Grows Presence Among Kiwi Risk Advisers
Australian-based fintech platform for financial advisers, Worksorted, is growing its presence among New Zealand financial advice companies and has reported receiving software enquiries weekly from advice firms here.
Worksorted confirmed that life insurance and risk...
Report Calls Out High Commissions For Advisers
The high rate of commissions for New Zealand advisers has been a focal point in the RBNZ and FMA’s recently released report of life insurers’ conduct and culture.
Aside from its overall conclusion that the...
2018 Wrap
Dealer Group Warns of Free CRM ‘Trap’ Targeting Advisers
FMA Targets Soft Dollar Commissions
AMP Sale Update
Industry Stakeholder Slams Biased Coverage of Insurance Claim
New CEO Announced For Financial Advice New Zealand
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AIA/Sovereign Latest to Stop Overseas Adviser Trips
AIA New Zealand/Sovereign has announced it will cease offering overseas recognition trips for advisers after 2019.
The insurer said the decision forms part of a wider review the company is currently undertaking to support good...
Cigna Acquisition Update
Cigna New Zealand has announced it has been granted final regulatory approval from the Reserve Bank and the Overseas Investment Office for the acquisition of ANZ’s OnePath Insurance business.
Cigna confirmed earlier this year it...
Insurers Clarify Stance on Overseas Adviser Trips
With AMP and Partners Life ending their overseas trips, the remaining life insurers weigh in on where they stand.
Partners Life announced last week that its upcoming overseas conference will be its last (see: Partners...
Most Kiwis Not Financially Secure if Unable to Work
Less than one in five New Zealander’s are financially secure if they find they are unable to work, Cigna’s 360 Well-being Survey 2018 has found.
However, the number of New Zealanders (22%) who are aware of...
ANZ New Zealand Sells Life Arm
ANZ New Zealand has announced the sale of OnePath Life NZ Ltd to Cigna Corporation for $700 million.
The bank said in a statement that OnePath Life policyholders in New Zealand will continue to receive...
AMP Stands Alone in Ending Overseas Incentives
AMP has announced it will no longer offer its only offshore incentive programme for advisers after this year’s intake.
Its announcement followed the recent FMA report into life insurance replacement business, (See: Industry Responds to...