About time. Just another scam and opportunity to bleed money off the public.

Oh no! How will investors and policyholders make informed decisions about their life insurer without understanding the Scope 3 emissions associated with the Government bond portfolio and cash holdings?

We should also recall the Dutch tulip bulb mania of the 1630s.

@ John Milner - well said. FYI - let's hope these changes below make a difference. New Zealanders will soon face fewer unnecessary barriers to proving who they are under a refreshed anti-money laundering Identity Verification Code of Practice announced today by Internal Affairs Minister Brooke van Velden and Associate Justice Minister Nicole McKee. The majority of the Code will come into force on 1 July 2026, marking its first update since 2013. “The AML regime has become too slow, too repetitive, and too frustrating for ordinary New Zealanders and the businesses serving them,” says Mrs McKee. “For years, AML compliance has meant higher costs, slower transactions, and endless frustration. This Government’s changes deliver the most meaningful reduction in AML red tape since the regime was introduced.” “This refreshed Code is an early example of our improvements to the AML regime – with clearer guidance, more consistency, and a more practical approach for businesses that have been crying out for reform. “AML rules should target real financial crime, not low-risk customers. When the risk is low, requirements will be less burdensome.” “The new Code makes it easier for businesses to check Kiwis are who they say they are in ways that are safe, sensible, and proportionate to risk,” says Ms van Velden.

I've came across numerous KS account holders who thinks their KS is safer with a bank. They simply refused to know / understand that bank don't guarantee their KS funds, and it is no different with non-bank providers.