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Insurers support robo options

An exemption to allow roboadvice in New Zealand will include the provision of personal insurance products, something which one insurer has argued could lower commissions to advisers.

Thursday, October 19th, 12:21PM

The Financial Markets Authority revealed this week that it planned to go ahead with its proposed exemption, which will allow roboadvice before the introduction of new advice laws would otherwise have made it possible.

Originally, it had said mortgages and personal insurance would be excluded but director of regulation Liam Mason said it had since altered its view on that.

Fidelity Life and Partners Life both made submissions in favour of the roboadvice exemption,

Partners Life’s plans to use the exemption were removed from its submission, as commercially sensitive...MORE»

No NZ fall-out from Australian sale

Wednesday, October 18th, 6:00AM

ANZ says it’s “business as usual” for ANZ Insurance and OnePath in this country, as the bank enters an agreement to sell its Australian OnePath pensions, investments and aligned dealer groups business.

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Advisers lack client files

Thursday, October 12th, 6:00AM

The Financial Markets Authority’s work on replacement insurance business is a good advertisement for why there needs to be a change to the law, one commentator says.

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Asteron launches online application tool

Wednesday, October 11th, 6:00AM

AsteronConnect says its new online quotation tool should make it easier for advisers to quote for customers.

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Are you part of someone else’s plan?

Monday, October 2nd, 10:23AM

If you don't make plans yourself you will become part of somebody else's. It's an old saying but it’s true.

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Transparency, simplicity 'key for insurance growth'

Thursday, September 28th, 6:00AM

More needs to be done to ensure that insurance products and advice are transparent and easy to understand, industry commentators say.

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Newpark paying for members to do Level 5 papers

Friday, September 22nd, 9:00AM

Dealer group Newpark is encouraging its members to complete the Level Five insurance papers and it will pay for the training.

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Advisers welcome Sovereign sale news

Friday, September 22nd, 6:00AM

Advisers are optimistic about the future for Sovereign, which will be bought by AIA.

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  • Should lawyers give financial advice?
    “It would be appropriate for Lawyers and accountants active in this space to follow similar CPD to Financial Advisers. Logging...”
    4 days ago by Licensed Adviser
  • Should lawyers give financial advice?
    “Good article, John - and agree with Brett. There is nothing in an LLB or CA qualification that prepares a lawyer or an account...”
    4 days ago by dcwhyte
  • Insurers support robo options
    “I agree it should be permitted. It would certainly help NZ's underinsurance situation. Both Naomi and Fidelity have correctly...”
    5 days ago by Referee
  • Kickbacks to agents shouldn't happen, but do
    “Gee Consumer, is that a problem affecting thousands or is this a rumour you have heard. Here is another rumour. King Country...”
    5 days ago by Bikedude
  • Should lawyers give financial advice?
    “A further thought. In the section “What do lawyers think” I can see it is ok for a lawyer to tell someone to put their...”
    5 days ago by Brent Sheather
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