Asteron and Fidelity stick with FSC - for now
"There is no question of my disappointment with the review in its present form," Asteron managing director Nadine Tereora says. "Quite simply, I’m not confident the end product is aligned with the scope of work defined by the FSC."
"Equally, I believe the tone of the report is not appropriate for this type of review. And I would also argue that the content of the report, its analysis, conclusions and recommendations are overly simplistic and create a misleading impression.
"In other words, rather than educating through impartial examination, my view is that this report places at risk the industry’s desire to bridge the underinsurance gap amongst New Zealand’s various communities."
She says Asteron Life is currently considering its membership of the FSC. "My primary concern is to ensure we remain in a position of influence with the regulators to best represent the interests of and support our adviser partners."
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