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Fidelity Life to stop upfront commission on inflation increases
Insurance

Fidelity Life to stop upfront commission on inflation increases

Fidelity Life advisers will soon stop receiving upfront commission on inflation-driven increases in client premiums.

Thu, Oct 1st 2020 11:31AM
Reserve Bank relaunches Insurance Act review

Reserve Bank relaunches Insurance Act review

2 min read
AIA policy encourages Kiwis to ‘share the love’

AIA policy encourages Kiwis to ‘share the love’

2 min read
TAP launches adviser academy to 'raise the bar for professionalism'

TAP launches adviser academy to 'raise the bar for professionalism'

2 min read
Asteron mints new Head of Life role

Asteron mints new Head of Life role

1 min read
Insurance Act Review forges on

Insurance Act Review forges on

2 min read
Southern Cross posts surplus after returning $50m to members

Southern Cross posts surplus after returning $50m to members

2 min read
Adviser complaints increase, IFSO says

Adviser complaints increase, IFSO says

3 min read
Asteron Life: One fifth of SMEs don’t know where to find an adviser

Asteron Life: One fifth of SMEs don’t know where to find an adviser

2 min read
Cigna announces multi-benefit discount on new policies

Cigna announces multi-benefit discount on new policies

1 min read
Online innovation brings huge strides forward in digital adviser technology

Online innovation brings huge strides forward in digital adviser technology

3 min read
Asteron Life goes live with new mental health support service

Asteron Life goes live with new mental health support service

2 min read
Asteron Life expands Best Doctors offer

Asteron Life expands Best Doctors offer

3 min read
Deloitte: Tricky to compare NZ insurance to other markets

Deloitte: Tricky to compare NZ insurance to other markets

7 min read
Nib braces for rush of treatments next year

Nib braces for rush of treatments next year

3 min read
Asteron Life profit drops

Asteron Life profit drops

2 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