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»

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 Friday, September 13th, 7:21AM 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). MORE»

[GRTV] New FAP regime creates opportunities for advisers

The creation of Financial Advice Providers (FAPs) has created a whole new set of opportunities for financial advisers.

Partners Life Head of Industry Engagement Mark Banicevich joins Philip Macalister on Good Returns TV to discuss how financial advice has changed under the (relatively) new adviser regime.

Banicevich says there are a whole new range of opportunities for advisers.

"I always joke that the retirement age for financial advisers is about 83." An adviser would build up a book to sell ...MORE»

Turning 10: A Look Back at the Origin Story of Brokers, Plus How IPOs, Equities, and Self-Directed Investing are Tracking Thursday, September 12th, 5:40AM A Q&A with Greg Boland, Chief Strategy Officer, Tiger Brokers MORE»

Sharesies KiwiSaver adds multiple-base fund selection Wednesday, September 11th, 5:59AM Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme. MORE»

News Bites

Nikko explains its new name

Nikko Asset Management is changing its name to Amova Asset Management. Find out what it means. MORE»

GoodReturns TV

[GRTV] From infantry to insurance, protection is a common thread

Four months after stepping into Naomi Ballantyne’s shoes, new Partners Life CEO Michael Weston, says he’d be naive to say the idea of taking the company forward wasn’t a bit daunting. MORE»

The results are in

The deluge of results on both sides of the Tasman provided a host of contrasts, and highlighted the importance of being highly selective and discerning when it comes to active investing strategies. MORE»

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AIA Wellbeing Survey: Putting on your own oxygen mask first

The latest AIA Wellbeing Survey of Financial Advisers shows self-development scores are up from 2021 but still low overall. MORE»

TMM Online

[Podcast] TMM Ep3 Adrienne Begbie - Prospa

Prospa NZ managing director Adrienne Begbie joins the TMM Better Business podcast to discuss opportunities for mortgage advisers. Here's some of the things she covers in this podcast. MORE»

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3 new FMA board members

Commerce and Consumer Affairs Minister has made three new appointments and one reappointment to the Financial Markets Authority board. MORE»

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Sharesies KiwiSaver adds multiple-base fund selection

Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme. MORE»