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Stewart's NZIG gets boost
Wednesday 17th of September 2014
The Reserve Bank has agreed to develop a set of new capital requirements for variable annuities. It has issued a consultation paper and is seeking feedback from the industry.
Stewart says this is a major step forward. Without getting the central bank, as the prudential regulator, to come up with a set of standards variable annuities would not get off the ground.
"This is a major m...
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