Back in August 2023, Chatterbox responded with some pertinent thoughts, and I'm expanding on it.

We've seen the various discussions on nominated beneficiaries and the withdrawal of this with Partners Life some years ago.

Recently, I've had an interesting discovery with a client coming of age on their parent's policy, and they were transitioned to their own cover on smoking rates without any input or questions from the client.

Jon Paul-Hale looks into the issue of passbacks, and how they work.

As I said in my earlier article, I merrily uploaded my Aussie quals to every mandatory question in the AIA qualifications module.

One of the goals of the new rules is to improve confidence in the market; another is to increase access to advice for the New Zealand consumer.

I've talked about the privacy act and client information protection in the past, and it seems to fall on deaf ears.

Recently, I've seen some pushback from providers wanting their documents for authority purposes, which is painful.

My comments in my article on insurers not trusting advisers seem to have hit a chord. Not so much in comments but contact from providers.

A meme floating around says, "Integrity is doing the right thing; even when no-one is looking."

Some will look at my recent antics as akin to burning the place down. My response, if I have to!

There, I said it. I've been skirting this topic for a few months, and it's finally come to a head.

Continuing my journey in the weeds on existing business servicing; policy terms. More specifically, reviewing policy terms for existing clients.

You may have noted that I sometimes have a penchant for controversial comments. This isn't just to be contentious around the changes we have to deal with; it's to raise awareness of changes to how we are expected to work with the new rules.

The single biggest challenge with existing policies would be passbacks. 

One of the challenges we are all going to face is retiring. The recent regulation changes have put some focus on this for many and have resulted in accelerated retirement as a result.