Greens want ACC extended to cover sickness
A Green Party policy could mean less demand for income protection insurance from insurers.
As part of the announcement of its tax policy, the party said it would extend the ACC scheme to cover lost earnings from illness – not just accidents, as is currently the case.
Payments would be made at up to 80% of a worker’s salary or 80% of the full-time minimum wage, whichever was higher.
People are more likely to be off work for an extended period through illness...MORE»
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Sale of AMP Life an absolute travesty
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MORE»AMP Life deal is done
AMP Limited says it has completed the sale of its life insurance business, AMP Life, to Resolution Life for A$3 billion (NZ$3.19 billion).
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S&P Global Ratings has affirmed its A- rating on AMP Life after completion of its sale to Resolution Life Group Holdings Ltd.
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