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Asteron Life

Regulatory change needed, or halt to AMP Life sale, policyholder says
Insurance

Regulatory change needed, or halt to AMP Life sale, policyholder says

An AMP Life policyholder says the sale to Resolution Life should be stopped if regulation cannot be changed to provide more protection for its customers.

Mon, Jun 29th 2020 10:08PM

Partners Life expects advisers to opt for FAPO

Partners Life expects advisers to opt for FAPO

2 min read
All clear for AMP Life sale

All clear for AMP Life sale

3 min read
FAP or Fiction - Five Clues

FAP or Fiction - Five Clues

5 min read
Funeral cover dead and buried

Funeral cover dead and buried

2 min read
nib extends its COVID-19 member support package

nib extends its COVID-19 member support package

3 min read
[GRTV] FAP or Fiction?

[GRTV] FAP or Fiction?

1 min read
RBNZ 'doing its job'

RBNZ 'doing its job'

2 min read
Southern Cross Health latest claims statistics revealed

Southern Cross Health latest claims statistics revealed

4 min read
AIA offers more commission

AIA offers more commission

3 min read
AIA, ASB join forces to offer cover

AIA, ASB join forces to offer cover

2 min read
Fidelity Life chief executive stands down

Fidelity Life chief executive stands down

2 min read
Life insurers under threat – or are they?

Life insurers under threat – or are they?

3 min read
Partners Life relaxes some Covid rules

Partners Life relaxes some Covid rules

3 min read
nib supports mental health company

nib supports mental health company

3 min read
Tapping into help with claims

Tapping into help with claims

2 min read

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NEWS BITES
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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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