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Ombudsman introduces conciliation

The Insurance and Savings Ombudsman has introduced a conciliation process to compliment its existing services.

Friday, January 18th 2008, 7:34AM
It says the new service "provides another forum of resolution" to members of its scheme and to complainants.

Under the conciliation process the parties will attempt to find a resolution to a complaint with the help of a neutral conciliator.

"We believe that conciliation helps resolve disputes by sharing information, identifying issues in dispute, discussing them and trying to reach agreement."

The ombudsman says it is an informal process.

Under its existing process people make formal complaints to the ombudsman which, once accepted, are investigated.

Like other conciliation processes the discussions are confidential and only a record of the outcome is recorded.

The ombudsman has already resolved two cases by conciliation and both have "achieved a satisfactory result for both parties."

« All insurers to come under new regulation rulesPinnacle Life boosts 'instant' life cover »

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Full Rates Table | Compare Rates

Lender Flt.

1yr

2yr

3yr

5yr


n/a n/a n/a n/a n/a
AMP Home Loans
6.24 5.59 5.79 6.10 6.90
AMP Home Loans $200k +
6.14 5.49 5.69 6.00 6.80
ANZ 5.74 5.25 5.79 6.10 6.90
ASB Bank
5.75 5.25 5.55 5.75 6.90
BankDirect
5.75 5.25 5.55 5.75 6.90
BNZ - Classic
n/a n/a 5.79 n/a n/a
BNZ - GlobalPlus
5.99 5.75 5.89 6.15 6.90
BNZ - Mortgage One
6.40 n/a n/a n/a n/a
BNZ - Rapid Repay
5.99 n/a n/a n/a n/a
BNZ - TotalMoney
5.74 n/a n/a n/a n/a
BNZ- Std, FlyBuys
5.99 5.75 5.89 6.15 6.90
CBS Canterbury
5.95 6.25 6.50 7.10 7.80
Credit Union Auckland
6.20 n/a n/a n/a n/a
Credit Union Baywide
5.85 6.15 6.65 6.95 n/a
Credit Union North
5.80 5.80 5.95 6.20 n/a
Credit Union South
5.75 n/a n/a n/a n/a
eMortgage 6.04 6.15 6.69 7.19 7.90
Fantastic Home Loans
5.74 5.59 5.79 6.10 n/a
Fidelity Life
5.70 5.85 6.35 n/a n/a
Finance Direct
6.10 6.45 6.69 7.10 7.70
First Credit Union
6.45 n/a n/a n/a n/a
General Finance
5.95 6.25 6.50 7.10 7.90
HBS Bank
5.65 5.25 5.79 5.79 6.20
HBS Bank Special
n/a n/a 5.65 5.65 5.99
Heretaunga Building Society
5.75 5.65 5.80 n/a n/a
Housing NZ Corp
5.75 5.65 5.79 6.10 6.90
HSBC Premier 5.99 5.29 5.77 6.07 6.90
Kiwibank 5.65 5.65 5.79 6.10 6.90
Kiwibank - Capped
5.65 6.25 n/a n/a n/a
Kiwibank - Offset
5.50 n/a n/a n/a n/a
Kiwibank - Special
n/a 4.99 n/a n/a n/a
Liberty
5.75 n/a n/a n/a n/a
Manchester Unity
6.15 5.85 5.95 6.05 n/a
Napier Building Society
5.80 6.00 6.70 n/a n/a
National Bank
5.74 5.25 5.79 6.10 6.90
Nelson Building Society
6.45 6.25 6.50 n/a n/a
NZ Home Loans
5.85 5.70 5.85 6.10 6.90
Perpetual Trust
7.70 n/a n/a n/a n/a
Public Trust
5.50 5.40 5.55 5.85 6.65
SBS Bank
5.65 5.25 5.79 5.79 6.20
SBS Bank Special
n/a n/a 5.65 5.65 5.99
Silver Fern
5.95 6.10 6.55 7.05 7.80
Southern Cross 5.95 6.25 6.50 7.10 n/a
Sovereign 5.85 5.25 5.55 5.75 6.90
The Co-operative Bank
5.70 5.45 5.70 5.95 n/a
TSB Bank
5.79 5.20 5.78 6.10 6.90
TSB Bank Special
n/a 5.70 5.95 n/a n/a
Wairarapa Building Society
6.20 6.70 6.95 n/a n/a
Westpac 6.24 5.25 5.79 6.10 6.90
Westpac - Capped rates n/a 6.75 n/a n/a n/a
Westpac - Choices Everyday 5.60 n/a n/a n/a n/a
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