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Asteron Life

nib NZ cites rising rates and costs as challenges after lifting profits 36.8%
Insurance

nib NZ cites rising rates and costs as challenges after lifting profits 36.8%

nib New Zealand chair Tony Ryall says meeting the demands of an aging population and consumer who expect better health outcomes is challenging amid rising interest rates and increasing cost pressures.

Jenny Ruth
Tue, Aug 22nd 2023 12:28PM

Advisers boost Asteron's results

Advisers boost Asteron's results

3 min read
First graduates from Fidelity's new adviser programme

First graduates from Fidelity's new adviser programme

3 min read
Life insurers well placed if shocks hit their industry and economy

Life insurers well placed if shocks hit their industry and economy

3 min read
First RBNZ life insurance stress test shows industry well placed to withstand severe shocks

First RBNZ life insurance stress test shows industry well placed to withstand severe shocks

3 min read
Bigger claims can be considered by IFSO scheme

Bigger claims can be considered by IFSO scheme

2 min read
Fidelity appoints new chief executive

Fidelity appoints new chief executive

2 min read
Why we need more female advisers

Why we need more female advisers

5 min read
AIA NZ delivers on promised support to advisers

AIA NZ delivers on promised support to advisers

2 min read
Insurance advisers' pet hates could be their greatest advantage

Insurance advisers' pet hates could be their greatest advantage

2 min read
LifeDirect and BizCover join forces to expand business

LifeDirect and BizCover join forces to expand business

1 min read
Chubb launches new SME insurance product

Chubb launches new SME insurance product

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How's everyone doing?

How's everyone doing?

3 min read
Partners Life cuts some policy pricing, promises more

Partners Life cuts some policy pricing, promises more

2 min read
New PI insurer bundles in retroactive cover

New PI insurer bundles in retroactive cover

4 min read
IFSO breaks enquiry record for three months in a row

IFSO breaks enquiry record for three months in a row

3 min read

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Latest Comments

Surge in complaints against advisers
Susan Taylor is not THE financial ombudsman. We have an appointed Banking Ombudsman who is Nicola Sladden but there is no financial ombudsman per se. Susan Taylor is the CEO of Financial Services Complaints Limited (FSCL) a dispute resolution scheme which after a protracted court battle has now been allowed to use the term ombudsman in its name. FSCL’s website is now stating that they are “a financial ombudsman service” Susan Taylor in addition to being their CEO is also calling herself Financial Ombudsman. Just felt it was important to highlight the above when this article is all about people making instant judgements about others.
1 month ago Simon Rule

Business funding landscape change
As reported yesterday Kiwibank is owed just over $1.8 million now after the collapse of the Solar Group, while the Inland Revenue is owed around $933,675. The people in charge at Kiwibank think they don't need to run it like a real bank because of its taxpayer backing. Their attitude has always been they can just go back to the Government (taxpayer) for more money if needed. A lot of their lending decisions are based around this.
1 month ago Simon Rule

Trust Management starts push into financial advice market
Exciting to see Trust Investments stepping into the financial adviser space with such clarity of purpose and vision. After years of delivering thoughtful, values-driven outcomes for institutional and for-purpose clients, their expansion brings a welcome addition to adviser portfolios - with their Global Bond Fund providing a relevant alternative to some of the traditional approaches.
1 month ago Clayton Coplestone

Salt's Long Short Funds delivers the manager a big payday
I mean seriously, it's not really a benchmark that is a true test of skill is it?. It's set at such a level that a passive exposure would pay performance fees. From Salts own fact sheet, since inception the benchmark has returned 7.45% and also from Salts own fact sheet a passive NZX/ASX exposure return of 8.66% per annum. Congrats, you've underperformed your own passive comparison by 1.2% per annum before fees! It gets real spicy if you take a passive, hedged exposure to SPX. Now your benchmark is underperforming a passive exposure by 7% per annum. Don't really see the point of the the fund, not even volatility reduction as it looks like the fund participated fully in the drawdown during Trump 1 and COVID.
1 month ago Barry Peters

Big, fat beautiful fees
FYI - It is NOT the bank's data. If I as a banking customer agree that the fintech may have access the banks can't stop or charge for that data. If they do I can charge the bank for using my data. What ius good one way should be good the other as well.
1 month ago Martin Frauenstein
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Good Returns was established in 1997 and was one of the first successful online publishers in New Zealand and continues to be a publishing leader. Good Returns is held in high-regard by its target audience, the financial services industry. A team of highly experienced business journalists update the site daily with topical, breaking and relevant news and views. The team is led by founder and publisher Philip Macalister.
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