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Fidelity posts record result

Fidelity Life’s record profit result shows its acquisition of TOWER’s life insurance business has been a success, its chief executive says.

Monday, October 13th, 6:00AM

Fidelity Life posted an after-tax profit of $35.1 million in the 2014 year, more than twice 2013’s $17.1 million.

During the year, Fidelity bought TOWER’s health and life business and sold its KiwiSaver scheme to Grosvenor.

Chief executive Milton Jennings said he was very pleased with the result. “There’s always a fear when you acquire a company that it won’t achieve expectations but we’re very pleased with the result and how it has gone...MORE»

Path to one company for life insurer

Monday, October 6th, 12:05PM

OnePath has decided to merge its two life insurance companies – one that services advisers and the other for bank-distributed product.

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Make sure customers understand product: ISO

Tuesday, September 23rd, 6:00AM

Something as simple as a customer not completely understanding the insurance product they purchase can lead to a complaint, the Insurance and Savings Ombudsman says.

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Advisers' role to grow: Tynan

Monday, September 15th, 4:16PM

Advisers’ role in health insurance is likely to grow over the coming years, Southern Cross Health Society chief executive Peter Tynan says.

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Insurers need to self-regulate advisers before it’s too late

Wednesday, September 10th, 7:32PM

Newpark managing director Darren Gannon says the insurance sector needs to regulate itself before it’s too late.

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Perceptions about the price of life insurance

Wednesday, September 10th, 11:05AM

The quick approach to price comparison on life insurance is both entirely understandable, and dumb.

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AIA changes commission, clawback structure

Friday, September 5th, 10:25AM

AIA is increasing its standard commission rates and changing its clawback structure.

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Partners drops shadow share scheme

Wednesday, September 3rd, 6:00AM

Partners Life is winding up its shadow share offer to advisers.

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Strategy Thoughts

Tip from the top

Fidelity Income Protection
Changes to the wording make it easier to issue policies, but advisers should be careful about proof of income.

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