The messed up world of income protection structures

You may have noticed that we now have to Age 70 as an option for the payment term on income protection.

Well, I hope you have because it's been an option in the market for over 20 years!

However, the insurers have stalled on this, and some of the criteria for income protection leave me shaking my head.

Let's run through what I have found with the current options available to us.

If you apply for a 2- or 5-year benefit or any other that's not to age 65 or 70, you can only have this with ...MORE»

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AMP moves ANZ money to BlackRock Friday, September 13th, 9:02AM ANZ has completed the closure of its wholesale funds management business with mandates moving to new managers. AMP explains what it has done with the funds managed by ANZ for its KiwiSaver and New Zealand Retirement Trust products. MORE»

Financial advisers urged to approach AI adoption with caution, FMA report says

Financial advisers must adopt a cautious and risk-focused approach when integrating artificial intelligence (AI) into their operations, according to a new report by the Financial Markets Authority (FMA).

The report emphasises the need for strong governance frameworks and robust risk management to ensure responsible AI use, particularly as the technology continues to evolve rapidly.

The FMA's report, titled "Understanding Artificial Intelligence in Financial Services," highlights AI's potential to enhance customer outcomes and improve operational efficiency in the financial sector ...MORE»

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Sharesies KiwiSaver adds multiple-base fund selection

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