Middle-income earners are getting less advice about their insurance needs because of regulation, says Financial Services Council chief executive Peter Neilson.
The FSC's annual review shows that New Zealanders were underinsured by $141.918 billion in life cover, $237.641 billion in total permanent disability, $42.411 million in critical illness cover and $1.933 million in disability income protection.
Just 15% have income protection.
The FSC said the insurance sector had a bright future if it could transform into a customer-aligned service industry, with flexible products to meet different life stages, offers written in simple language, and with professional and cost-effective advice...MORE»
Sunday, December 1st, 10:36AM
There are two themes here, one is the increasing contribution technology is making to the adviser market and the other is the dominant way technology will make that contribution.MORE»
Thursday, November 21st, 1:48PM
Asteron Life has realigned its leadership team as part of its strategy to focus on retention.MORE»
Banks and insurance companies remain the biggest threat to insurance advisers in spite of the rise of online insurance sales, according to a new survey by Horizon Research.MORE»
Trauma insurance is getting too expensive – and paying out excessively in cases when it’s not really needed, says Sovereign’s chief brand innovation and marketing officer.MORE»
Changes in income can be large and happen more often than you may expect. With this in mind advisers need to consider whether to use indemnity or agreed value income protection cover. Russell Hutchinson considers the options.MORE»
The theft of a memory stick containing sensitive client information could have happened to any client-facing financial adviser, says Fidelity Life chief executive Milton Jennings.MORE»
Asteron Life beat out Sovereign to take top award,MORE»