tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, August 11th, 6:06PM

Insurance

rss
Latest Headlines

Opinion: The advantages of being second class

Is there any plain reason why you pay road user charges for diesel and a license fee for petrol? Not really. You can argue about it, quote the history, but the argument is evidence for the question – not against it.

Wednesday, August 20th 2008, 6:02AM

by Russell Hutchinson

Likewise, is there any reason why selling KiwiSaver may be a category one activity?

Is it because it sounds cool, in the same way a class 'A' drug sounds cool?

Is it because the government could not bear to admit that its own precious scheme would be a category two activity?

What about comparing it to business insurance, which may be a category two (meaning roughly: 'lower thresh-hold to comply').

Say what you like, an adviser cannot ruin you when selling KiwiSaver. With the insurance, if they do it wrong, they could leave you millions out of pocket, facing shame and bankruptcy. But logic does not have to play a part in such divisions. Apparently Kenyans have a saying: "If you see water running uphill, it's the government, not magic".

If you are offended by this idea, and nearly everyone I talk to is offended by it… it is because of natural human pride. We all want the great complexity, skill and professionalism of our particular discipline to be respected.

But stop and think for a minute.

If you are an insurance adviser, or mortgage broker, you should smile at such a categorisation.

Bid the investment planners joy in their 'ranking'. For the meek shall inherit the earth.

Translated for New Zealand insurance brokers in 2008: business is better when you aren't too heavily regulated.

« Opinion: Did your first love scar you for life?Opinion: You are not on the right plan? »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Insurer nib backs Ronald McDonald House with $20k investment
Health insurer nib New Zealand and its nib foundation have lent support to Ronald McDonald House Charities.

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com