Regulation
Pitch to tie advisers to QFEs inevitable say IFA, SIFA
Tuesday 16th of February 2010
AXA New Zealand and fund manager ING New Zealand put the pitch out to advisers in their respective roadshows last week as the deadline of looming regulation draws nearer in a move that some of the associations have been waiting for.
"Since the definition for QFEs was changed to include agents we always thought that would happen," said Lyn McMorran, president of the Institute of Financial...
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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.
19 hours 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.
22 hours 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?
1 day 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.
1 day ago Quality Advice
AIA moves into wealth with annuity launch planned
This is great news indeed, well done AIA. I hope you were able to solve the tax treatment which plagued this cornerstone product.
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