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Last Article Uploaded: Tuesday, March 19th, 6:25PM

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I would do anything for life, but I won’t do that

The Financial Advice Association of Australia (FAAA) addressed a letter to the Australian Prudential Regulation Authority (APRA) concerning the Life Insurance Data Transformation consultation. What does this have to do with the New Zealand market? A lot, in fact. Australian regulation has been an exemplar, perhaps, of what not to do.

Tuesday, January 30th, 11:08AM

The FAAA, representing financial advisers, emphasised the vital role of advisers in the life insurance sector, where over 50% of in-force life insurance premiums are placed.

They stressed the complexity of life insurance and the essential role of financial advice in aiding Australians to make informed decisions, noting the prevalent issue of underinsurance in the absence of professional...MORE»

How to handle clients during the cost of living crisis

Friday, October 27th, 6:59AM

My favourite current quote is about averages. Something I picked up at MDRT recently: in one hand you hold a burning hot coal, straight out of the fireplace. In the other hand you hold a freezing block of ice, from a commercial deep freeze – very cold. On average you are fine!

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Which is the riskier business? Advice or Product?

Wednesday, October 18th, 1:51PM

Russell Hutchinson ponders what is more risky: Giving advice or making products.

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Previous News

Why sales is more relevant than ever in an era of increased regulation

Tuesday, September 26th, 10:14AM

This question started when I heard Tony Gribble talk about the value of the Million Dollar Round Table, or MDRT, at an adviser meeting recently.

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Who understands the new map of life?

Monday, September 18th, 6:28AM

The whole idea that there is a ‘map’ to life seems more appropriate for a spiritual discussion rather than a column on financial advice, but… we’re planning for the future and the concept seems seductive.

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Tech stack stuff

Tuesday, September 12th, 6:48AM

K-mart is an incredible place to shop – or better, try Walmart in the United States.

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Conduct and the design of policy documents and product brochures

Thursday, August 3rd, 1:51PM

Many insurers are updating their policy documents and product brochures in an effort to meet a number of conflicting objectives, which could be summarised as: simplicity, accuracy and ease of operation.

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Fish hooks in Insurance contract law review

Tuesday, May 23rd, 6:00AM

Russell Hutchinson identifies four areas in the proposed Insurance Law Contracts bill that may cause problems.

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Insurance Briefs

AIA adds cover for prophylactic surgery following cancer
AIA makes changes to policies and adds preventative surgery for several types of cancer.

Chubb appoints David Morrow as Country President for New Zealand
Chubb has appointed David Morrow as Country President for New Zealand.

nib adds specialist skills to its board
Two new board appointments at health insurer nib add new perspectives, chairman says.

nib gets new CFO
Alvin Soh has joined nib New Zealand as its chief financial officer. Heh is a chartered accountant with more than 20 years of commercial experience in leadership roles.

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