Public Policy

"'The Monetary Policy Committee has a lot of integrity. We know what the mandate is and we will work to ensure that we reach that mandate,' Reserve Bank Governor Anna Breman says."

Public Policy

"It's not often in tax that you can genuinely say a bombshell has dropped, but last Thursday at 4:00pm Inland Revenue released one such bombshell for consultation."

by Terry Baucher

Justice Laura O'Gorman

A composite image of New Zealand bank notes overlayed with a hand holding a gavel and a person on their phone surrounded by stacks of coins.

General insurer Tower to pay $7 million penalty for 'misleading representations' about its multi-policy discounts

Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’

9th Dec 25, 3:31pm

by Mandy Te

Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’