|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, June 26th, 9:47AM


Latest Headlines

Newpark not selling: Gannon

Newpark owner Darren Gannon has scotched rumours that Professional Investment Services (PIS) is buying the group.

Friday, July 25th 2008, 3:48PM
He acknowledges that there have been discussions with PIS, as well as other groups. However, any ownership change, if done, would be along the lines of what APEX group has done. That is to bring in advisers as shareholders.

"They are the ones which formed the group, and are where our loyalties lie," he says. "Not with Australians, mate."

He says previous discussions have included talks with suppliers, a mortgage broking group, another insurance group and PIS.

However none of the groups "are adding enough value", he says.

Gannon says Newpark, with 170 advisers, has enough scale now, and is continuing to grow.

"There are no changes to Newpark."

« AIG looking for more growthGrowth in health insurance predicted to be flat »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Insurance Briefs

PIC Insurance Brokers partners with RE/MAX New Zealand
PIC Insurance Brokers has entered into a new strategic partnership with real estate company RE/MAX New Zealand as the exclusive insurance broker.

New customers get 3-months' premium-free on Fidelity Life
Fidelity Life has announced a special offer to cover new customers’ premiums for the first 3-months of their policies.

Premium relief for customers in drought areas
Fidelity Life offers premium relief to drought-affected customers

Fidelity Life relaunches customer engagement initiative
Once again Fidelity Life wants to recognise advisers who go above and beyond to deliver amazing customer service.

News Bites
Latest Comments
  • Observations from the FAP monitoring insights report
    “JP: my point exactly, no one knows what they don’t know, but there are some solutions. I’m currently working with...”
    18 minutes ago by Steve Wright
  • Observations from the FAP monitoring insights report
    “The not-so-small challenge I have here is the idea that we can address CPD in areas we don't know about. The whole point...”
    15 hours ago by JPHale
  • Code Committee proposes changes
    “Good comment Paul. Particularly like your referencing David Greenslade's comment made last year about his company Strategi...”
    18 hours ago by Amused
  • Code Committee proposes changes
    “@thanks paul flood. we have to be mindful of conflict of interests. there are advisers who were told by a particular provider...”
    18 hours ago by w k
  • Code Committee proposes changes
    “On a very quick first read, the following proposal strikes me as good news for advisers and adviser businesses: 1. Recognise...”
    22 hours ago by Paul Flood
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and