Life Insurance

30th Sep 19, 8:41am
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
30th Sep 19, 8:41am
[Updated]
25th Sep 19, 12:30pm
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
[Updated]
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
25th Sep 19, 12:30pm
[Updated]
17th Sep 19, 10:11am
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
[Updated]
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
17th Sep 19, 10:11am
[Updated]
13th Sep 19, 10:58am
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
[Updated]
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
13th Sep 19, 10:58am
8th Aug 19, 6:01pm
AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
8th Aug 19, 6:01pm
19th Jul 19, 9:46am
The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced 
The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced 
19th Jul 19, 9:46am
[Updated]
15th Jul 19, 11:34am
AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval 
[Updated]
AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval 
15th Jul 19, 11:34am
10th Jun 19, 12:57pm
RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
10th Jun 19, 12:57pm
6th May 19, 4:44pm
A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
6th May 19, 4:44pm
1st May 19, 3:04pm
David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct
David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct
1st May 19, 3:04pm
27th Apr 19, 10:30am
Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
27th Apr 19, 10:30am
24th Apr 19, 12:50pm
Amid ongoing activity around the FMA-Reserve Bank review of banks' conduct and culture, a Consumer NZ survey finds one in five bank customers being offered products they didn't request
Amid ongoing activity around the FMA-Reserve Bank review of banks' conduct and culture, a Consumer NZ survey finds one in five bank customers being offered products they didn't request
24th Apr 19, 12:50pm
9th Apr 19, 7:51am
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
9th Apr 19, 7:51am
2nd Apr 19, 9:43am
FMA and RBNZ say 'thorough' review of responses from 11 banks to conduct and culture review will take several weeks
FMA and RBNZ say 'thorough' review of responses from 11 banks to conduct and culture review will take several weeks
2nd Apr 19, 9:43am
6th Feb 19, 8:59am
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
6th Feb 19, 8:59am
2nd Feb 19, 9:04am
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
After casting an eye over the FMA-RBNZ report on life insurers' conduct & culture, Andrew Hooker encourages the Government to legislate to force change
2nd Feb 19, 9:04am
30th Jan 19, 2:41pm
Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised 
Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised 
30th Jan 19, 2:41pm
[Updated]
29th Jan 19, 3:11pm
Robertson and Faafoi commit to plugging legal gap that sees bank and insurance conduct go unregulated
[Updated]
Robertson and Faafoi commit to plugging legal gap that sees bank and insurance conduct go unregulated
29th Jan 19, 3:11pm
29th Jan 19, 1:05pm
by admin
The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture
The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture
29th Jan 19, 1:05pm
29th Jan 19, 1:00pm
RBNZ and FMA talk tough on poor conduct and culture of $2.57 billion life insurance sector, but avoid explicitly telling insurers to put an end to commission payments
RBNZ and FMA talk tough on poor conduct and culture of $2.57 billion life insurance sector, but avoid explicitly telling insurers to put an end to commission payments
29th Jan 19, 1:00pm

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