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: Thursday, August 6th, 6:52PM

Insurance

rss
Latest Headlines

Former broker to face jury

Napier insurance broker David McGuffie yesterday pleaded not guilty to four charges of making dishonest claims to four large insurance companies.

Thursday, June 18th 2015, 2:06PM

McGuffie entered the plea in the Napier District Court and will now face a jury trial.

He faces four charges of dishonestly using a document, namely insurance application forms, without claim of right between February 2011 and July 2013.

The dishonesty claims he allegedly made, were to Pinnacle Insurance, Asteron Insurance, Tower Insurance and AIA Insurance.

McGuffie was the owner and founder of Advanced Insurance. The company changed its name to HMS Holdings Ltd on February 21, 2014. It stopped trading a week later and a fortnight later was put into voluntary liquidation.

β€œThe company went into voluntary liquidation following the termination of key insurance agencies. The company was unable to successfully negotiate the reinstatement of these agency agreements, and therefore the company had no way of deriving future income and could not continue to trade,” Kenneth Oliver from Contract Management says in his first liquidators report.

McGuffie was a registered financial adviser, but deregistered on May 20, 2014.

He was a member of the Life Brokers Association, which is now part of  the New Zealand Financial Advisers' Association (NZFAA).

Tags: AIA Asteron

« Award winner puts theory into practiceOutlook bright for award winner »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

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

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
 
Site by Web Developer and eyelovedesign.com
x