Southern Cross is “very supportive” of CoFi

CoFi “aims to serve the interests of all New Zealanders, ensuring all financial services providers conduct their business in a way that its air to all customers,” Southern Cross wrote in its annual report.

“We are dedicated to maintaining the highest standards of governance, transparency and accountability in every facet of our operations,” it said.

Chief executive Nick Astwick refused to comment on the National Party's pledge to repeal CoFi, should it win government in next month's election, but repeated the comments in support of the legislation.

“It's really about fair conduct with our members and we're a member-driven organisation,” Astwick told GoodReturns.