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Finally we are listened to !!!

Fire and Emergency New Zealand funding to be reviewed Internal Affairs Minister Tracey Martin announced today that Government will be reviewing how Fire and Emergency New Zealand (FENZ) is funded. “We’re having a...
On-sold overcap issues

Query on IBANZ "Ask an Expert" gets a response from EQC highlighting their current work with a group of homeowners to seek legal clarity on EQC’s liability for on-sold overcap claims.  Their media release from ...
Tell them how you are paid

Advisers need to give their clients information about commissions or other advice incentives that have the potential to influence the service they receive, the Commerce Minister says. His cabinet paper making recommendations for th...
Importance of insuring key people

People risks such as key person loss, talent attraction and retention were rated as a top concern for directors in Marsh’s  Directors’ Risk Survey Report  conducted last year, and 44% of businesses can’t find...
Terror exclusions waived

Insurers are waiving the terrorism exclusions in their house, car, contents and commercial building policies for damage caused in the Christchurch shootings. AA Insurance says it will also review whether to remove the...
EQC settles landslip claims

The Earthquake Commission has settled the Dunedin landslip claims that were lodged by homeowners in St Clair. Head of Response and Recovery Robyn Nation says that EQC’s team met the homeowners on Tuesday 12 March to discuss...
New leadership team announced

QBE has announced changes to its leadership structure and operating model following the creation of the New Zealand & Pacific region and two key retirements. Five new business units have been created under the leadership of New...
Financial Services Legislation changes

The Ministry of Business, Innovation & Employment (MBIE) has released details of a number of changes being made to the Financial Services Legislation Amendment Bill (FSLAB) which is awaiting its final stages in the House before it...
Don't want to wreck the industry

Government is committed to cracking down on problematic remuneration incentives for financial advisers but does not want to "wreck" the industry, Commerce Minister Kris Faafoi says. Faafoi said he had heard the need for...
Disclosure Requirements agreed

In February 2019, the Government agreed on the disclosure requirements which will apply in the new financial advice regime after the Financial Services Legislation Amendment Bill comes into force. The disclosure regulations are to...

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