Tag: Adrian Orr
Reserve Bank Warns Insurance Sector Must Evolve
The Reserve Bank has called for increased effort from the industry in building public confidence in the insurance sector, warning it must evolve in...
Regulators Disappointed With Sector’s ‘Weak Appetite’ For Change
The Reserve Bank of New Zealand and Financial Markets Authority have voiced their disappointment with life insurers’ responses to the joint Conduct and Culture...
Reserve Bank Embraces the Future
Reserve Bank Governor, Adrian Orr, spoke on the future outlook of the Bank to the Financial Services Institute of Australasia (FINSIA) in Auckland recently.
“This is...
News in Brief
Financial Advice NZ Reveals 10 Business Partners
Financial Advice New Zealand has announced the names of its ten new Business Partners for its partnership programme...
Regulators Life Insurance Report “Shows the Life Insurance Sector in a Poor Light”
The Reserve Bank of New Zealand (RBNZ) and the Financial Markets Authority (FMA) have published their Life Insurer Conduct and Culture Report.
The joint review...
Regulator Concerned About High Commission Levels
High commission structures continue to present a challenge to efficiency in the life insurance sector, the Reserve Bank of New Zealand has noted in...
Regulators Call For Banks to Remove All Sales Incentives
The Financial Markets Authority and Reserve Bank of New Zealand have told eleven New Zealand banks to remove all incentives linked to sales measures,...
Thinking Long-Term in a Long-Term Industry – Ballantyne
Partners Life Managing Director, Naomi Ballantyne, has warned the insurance industry that more thought needs to be centred around the longest-held customer and the...
Aussie Royal Commission Causing a Stir in NZ
Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New...