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Pinnacle says no justification for some premium increases
Insurance

Pinnacle says no justification for some premium increases

Pinnacle Life explains its premium increases and accuses other life insurance companies of making unjustified increases to policies.

Fri, May 28th 2010 11:35AM
Time running out for life companies to announce premium increases

Time running out for life companies to announce premium increases

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Fidelity Life taking a different approach to tax increases

Fidelity Life taking a different approach to tax increases

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Asteron premiums to increase 7.5%

Asteron premiums to increase 7.5%

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Sovereign explains its cuts to adviser commissions

Sovereign explains its cuts to adviser commissions

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TOWER premiums to rise 7%

TOWER premiums to rise 7%

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Reserve Bank assesses state of insurance sector

Reserve Bank assesses state of insurance sector

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Fidelity ownership unchanged

Fidelity ownership unchanged

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Opinion: Newpark, Naomi and Us

Opinion: Newpark, Naomi and Us

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AMP says conventional life policies being phased out

AMP says conventional life policies being phased out

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Fidelity Life founder Gordon Watson passes away

Fidelity Life founder Gordon Watson passes away

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Sovereign to shield customers from tax increases

Sovereign to shield customers from tax increases

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Commissions are viable and fair: PAA

Commissions are viable and fair: PAA

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ISI releases policy replacement guidelines

ISI releases policy replacement guidelines

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NAB won't take no for an answer

NAB won't take no for an answer

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TNP signs up with X-Plan

TNP signs up with X-Plan

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Latest Comments
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
On a slightly different matter. A friend of mine owned a business and made enough to afford to purchase a property (office cum warehouse) for his business. I asked why don't he buy instead of rent? He said his accountant told him to rent, don't buy, to reduce his tax. He heeded his accountant's advice. 30 years later, he retired, his cash savings was nowhere near the value of the property he didn't buy. Had he purchased the property, at least he has two options - rent out the property for his retirement income or sell it and realise the capital gain (no tax) which far exceeds the tax savings during his business trading years. Penny wise pound foolish, eh?
3 days ago W K
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
Great article and points made, Andy. I had to explain recently and demonstrate these very points to a very senior professional trustee. I was instructed by the trustee to "make the portfolio tax efficient." I guess, from a CA point of view, that made sense to her. As luck would have it, the newly appointed CA completing the accounts didn't quite see it that way and agreed with my advice and your article.
4 days ago John Milner
Lessons for life insurers from 1918
Remember that New Zealand did not have bodies overwhelming morgues in the midst of the pandemic so we didn't see a spike in deaths - unlike a lot of other countries. Hence no panic to get cover.
5 days ago Mark Stone
Competing with fintechs the way to go
If an adviser has their own FAP license, why would they risk having their client’s data (basically their whole business) held in an aggregator owned CRM?
1 week ago Valkyrie Vulcan
Should KiwiSaver hardship applications be centralised?
It should be that onerous. It's a retirement scheme. not a fix the car scheme not a bail out your bad choices scheme the temptation for it to become so grows as balances grow. And KiwiSaver reules must resist it. Every year there will be a new record for withdrawals, because there will be more in it to take, and more people looking to use it. That's not a failure, that means it works.
1 week ago Regan Thomas