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Partners Life gets upgraded
Insurance

Partners Life gets upgraded

AM Best has raised Partners Life’s financial strength rating following its acquisition by Dai-ichi Life Group.

Sun, Jan 22nd 2023 08:15AM
Fidelity Life CEO departs

Fidelity Life CEO departs

2 min read
FMA lands its biggest ever penalty

FMA lands its biggest ever penalty

3 min read
AIA NZ kicks off 2023 with one month’s premium free to customers

AIA NZ kicks off 2023 with one month’s premium free to customers

2 min read
Partners Life new advisers training course

Partners Life new advisers training course

1 min read
Accuro IT infrastructure compromised by cyber attack

Accuro IT infrastructure compromised by cyber attack

2 min read
AIA NZ broadens Living Trauma product range for children

AIA NZ broadens Living Trauma product range for children

2 min read
Partners Life wins best life insurer award

Partners Life wins best life insurer award

2 min read
Industry veteran retires leaving a 37 year legacy

Industry veteran retires leaving a 37 year legacy

4 min read
Asteron Life launches pilot programme

Asteron Life launches pilot programme

4 min read
New Fidelity Life scholarships aim to lift financial adviser diversity

New Fidelity Life scholarships aim to lift financial adviser diversity

2 min read
nib adds to its orbit

nib adds to its orbit

2 min read
Asteron Life benefit add on may add value to Kiwi’s lives

Asteron Life benefit add on may add value to Kiwi’s lives

2 min read
Fidelity makes good on commitment and names Adviser council

Fidelity makes good on commitment and names Adviser council

1 min read
Insurance Link gets new owner

Insurance Link gets new owner

2 min read
Partners sale gets tick

Partners sale gets tick

1 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