Under fire insurer Youi no longer getting WINZ wage subsidy

Fri, 03 Jun 2016

By Paul McBeth June 3 (BusinessDesk) - Youi NZ, the insurer under scrutiny over its sales techniques, is no longer getting Work and Income New Zealand subsidies aimed at getting people into work who are most at risk of getting stuck on a benefit. The local unit of the South African insurer received government grants of $21,000 and $48,000 in the 2015 and 2014 June years, which it recognised as flex-wage subsidies from Work and Income. Those subsidies provide short-term support to help cover the cost of training and supervising a new empl...

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