About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, July 1st, 4:56PM
rss
Latest Headlines

Date set for SX appeal

The Commerce Commission will argue its case against Southern Cross keeping 40,000 Aetna Health insurance policies in September.

Wednesday, May 23rd 2001, 7:36AM
The Commerce Commission's appeal against Southern Cross Healthcare retaining Atena Health's insurance policies will be heard in September.

Originally the commission ordered Southern Cross to sell all the policies as a condition of approving its third application to acquire Aetna.

However, the High Court reversed that ruling in a decision earlier this year.

The commission is appealing that decision which allows Southern Cross to keep hold of 40,000 health policies written by Aetna. The polices are worth about $70 million.

The commission originally argued that Southern Cross would have a dominant market position if it kept the policies. However, the court ruled otherwise, saying the barriers to entry in the market were low and there was plenty of competition.

« Fidelity's new long term care policyGreater emphasis needed on trauma cover »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Strategy Thoughts
News Bites
Latest Comments
  • Associations expecting 'yes' vote
    “how about; the vision of Advice NZ is to help the NZ public find out where they can find financial advisers they can trust,...”
    16 hours ago by blogger billy
  • FMA says commission drives churn
    “our big problem Google Elizabeth Warren and read all about revolving doors It happens in NZ with our politicians,...”
    17 hours ago by blogger billy
  • FMA says commission drives churn
    “@ Donald - a succinct assessment of Naomi's contribution to this discussion, especially given it was she who slammed Trowbridge...”
    18 hours ago by Majella
  • FMA says commission drives churn
    “On just reading comment by Naomi Ballantyne of Partners Life, her balanced opinion both in support of the FMA in part and...”
    20 hours ago by Donald
  • Minister says no commission ban
    “Totally sensible. Banning commissions would just move advisers into selling roles (employed "advisers" only able to sell...”
    21 hours ago by Tash
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com