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No back-down on Level 5

A suggestion that the new Code of Conduct for financial advisers is a back down on the requirement for Level Five qualifications is incorrect, Code Working Group chairman Angus Dale-Jones says. The chairman of the Code Working G...
Degree work will continue

The Code of Conduct settling on a Level Five qualification requirement for financial advisers won't stop the development of a new degree for the sector.  Massey University has been mulling the possibility of the degree sin...
In the dark about insurance

Brokers should take note as a new survey reveals nearly a third of New Zealanders do not understand what their vehicle insurance covers. According to Canstar, in its recent customer satisfaction survey, while 87% of Kiwis favour a ...
Strengthening work expensive

Wellington City Council is asking the government for money to help ease the financial burden of earthquake strengthening on building owners. A report by  Radio NZ  detailed the initial findings of a new survey by the...
Key issues for brokers

Insurance is a dynamic and fast-moving industry, but, this year in particular, brokers are really starting to feel the impact of ongoing market shifts that have been gaining steam over the last few years. These shifts range from...
Steep rise in pricing

Global commercial insurance prices rose for the sixth consecutive quarter in Q1, according to Marsh’s latest Global Insurance Market Index. Average commercial insurance prices rose 3% in the first quarter, the largest...
EQC receives threatening letter

The Earthquake Commission (EQC) has increased security at all of its offices after it received a threatening letter referencing the Christchurch terror attack.  EQC is working with police, who are investigating the anonymous...
Brick & mortar network shrinking

AMI, part of IAG, is reviewing aspects of its nationwide network of retail stores as customer preferences change. Ms Alex Geale, executive manager of AMI’s Retail Network, said in a statement, “We are increasingly...
Insurers failing to keep up

Customers globally want more comprehensive and dynamic insurance products but are not getting them because of the tepid response from insurers, a new report claims. There is a significant gap between what insurers are offering and...
CBL Corporation placed in liquidation

New Zealand-based  CBL Corporation  has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation  directors Alistair...

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