Hello

Things are going to get interesting in the life insurance sector over the next few weeks. Good Returns understands there will be some interesting moves on premiums from one company next week, while ING Life is about to roll out some new product.

In this week’s Cover Notes we have more on regulation. Since the Budget there have been many questions about what the industry will have to pay for regulation. This is explained in more detail by Good Returns.

In addition to that we have the latest column from Russell Hutchinson, and more details on how the new PIE tax regime impacts on life insurance. This week’s Blog is worth a read too…it’s about commissions and trips.

Remember if you have any news tips please email them to editor@goodreturns.co.nz.

Insurance news

Cost of making life policies PIE compliant
Changes to how life insurers are taxed will be introduced to Parliament later this month.More

Costs of regulation explained
Leaders in the financial services industry were surprised to find in the Budget that the industry would be paying millions of dollars for the regulation of the sector. More

Opinion by Russell Hutchinson

Insurance brokers can hold their heads up high
Time for advisers to hold their head up high – even if the most venal, over the past few years, shunted clients from one insurer to another for higher commissions… the clients' cover has been good and provided they don't plan on suicide, complete at all times.More

Blog

How ‘bout those commissions
A story this week on commissions and soft dollar incentives paid to risk advisers caught my eye.

The story, it’s here, is based on the independent report prepared for Tower shareholders in respect to GPG’s partial takeover offer. More

People

This week have have some new directors at Planet Financial Services.

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