News
Financial crisis will be different for emerging markets this time
Wednesday 26th of August 2009
S&P Fund Services analyst Leanne Fook said: "Investors have long been attracted to investing in emerging markets because of the inherent appeal of investing in some of the fastest growing economies in the world. This enthusiasm has been tempered, at times, by the realisation that emerging markets can be volatile and periodically afflicted by a major crisis that is very destructive to shareh...
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Fidelity Life sold to Partners
Good leaders are a rare commodity these days. Milton built a great business but when he left, a succession of bankers took over who we know are ignorant about insurance. We saw AMP buy AXA with bankers running AMP. What resulted was two 100 year old businesses being destroyed have bankers at the helm. We can hope that the boards of the few remaining insurers note that appointing a person with a banking background to the leadership role is a destructive appointment.
1 day ago Quality Advice
Fidelity Life sold to Partners
A shame to see Fidelity Life ceasing to be NZ owned, and for there to be no NZ owned Insurers left.
It's sad to see what has happened to the company since Milton Jennings was in charge. You get the feeling if more of his type of leadership was continued that Fidelity might have continued to grow rather than the slow decline that has happened since Milton's tenure.
1 day ago Just an opinion
Who is responsible for notifying policy changes?
Of course it is the responsibility of the insurer to clearly communicate with its Policy holders, and Advisers together, regarding all changes on a Policy.
There is at least one insurer that feels that a simple email to the Advisor on every Anniversary renewal is a bit too much for them! The Advisor has to be pro-active and chase renewal communications every year through the Insurer's website. Where is the responsibility of the insurer there?
2 days ago Porus Kateli
Fidelity Life sold to Partners
Can the New Zealand Life Insurance afford further shrinkage? With AIA performing so poorly options to insure will fall to just Partners, Asteron ( Acenda) and Chubb for mainstream Life Insurers. Of course there is PSP but they have a very small, targeted client group.
2 days ago Quality Advice
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