Article tagged with 'non-disclosure'
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Non-disclosure case highlights need for better records
29 Oct 2021 - A life and health insurance adviser has agreed to pay $1000 in compensation to a client who complained to Financial Services Complaints Ltd that she had not been adequately advised about the risks of non-disclosure.
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FSCL says client complaint a non-disclosure warning
17 Aug 2020 - A client who complained her adviser had not told her she would need to provide financial statements if she wanted to claim against her trauma policies took her complaint to FSCL.
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Southern Cross names new CEO
09 Aug 2019 - Peer-to-peer lender Southern Cross Partners has appointed a new chief executive from outside of the financial services industry as it looks to grow its loan book.
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FADC hands down its punishment in non-disclosure case
16 May 2019 - A financial adviser who breached the Code of Conduct by skimping on client medical histories in insurance applications has learnt the fate.
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Reasonableness on non-disclosure needed
30 Jul 2018 - New Zealand needs a “reasonableness test” in insurance law, to guide insurers when they are assessing cases of non-disclosure, the Insurance and Financial Services Ombudsman says.
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Medical records no silver bullet for disclosure
08 Jun 2018 - Giving insurers access to medical records with every client application would reduce issues of non-disclosure, but increase the cost and time associated with new policies, Partners Life managing director Naomi Ballantyne says.
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Spotlight on non-bank fees
01 Jun 2018 - A new transparency report from the Commerce Commission has highlighted some of the excessive “establishment fees” charged by New Zealand’s non-bank mortgage lenders.
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Look twice at insurance applications
18 May 2017 - An insurance adviser says clients could be left vulnerable if others in the industry do not change their approach to completing policy applications.