New Zealanders don't have enough life insurance: FSC
By Jenny Ruth | Thu, 23 Jan 2020
A growing number of New Zealanders believe the population has less life insurance than it needs, according to industry research.In a survey for the Financial Services Council conducted last year, 71 p...
Trade Me sells LifeDirect back to former owner
By Paul McBeth | Wed, 22 Jan 2020
Trade Me has sold its LifeDirect business back to the financial adviser it bought it from, saying the insurance comparison website doesn’t fit its portfolio anymore.Lower Hutt-based financial adviser...
Westpac joins sustainability lending club with Contact Energy loan
By Rebecca Howard | Wed, 15 Jan 2020
Westpac New Zealand has made its first foray into a sustainability-linked loan, lending $50 million to Contact Energy.The four-year facility is the first such loan issued by Westpac NZ, and follows a...
Don't hold your breath for life insurance reform
By Jenny Ruth | Mon, 06 Jan 2020
Will 2020 be the year New Zealand's life insurance industry calls time on policy churn and excessive broker commissions?Despite the Financial Markets Authority and Reserve Bank's efforts over the past...
No resting on their laurels for NZ's banks in 2020
By Jenny Ruth | Fri, 27 Dec 2019
The Reserve Bank's final decisions on bank capital requirements in late 2019 came as a great relief to the banks but they can't count on 2020 being plain sailing.The prudential regulator has given eve...
Aftershock for Eric Watson companies
By Victoria Young | Mon, 23 Dec 2019
Nine other Eric Watson-linked companies have been moved into liquidation following the collapse of Cullen Group. Cullen Group was moved into liquidation by court order last week after a High Cour...
Craigs staff to buy back Deutsche stake
By Paul McBeth | Fri, 20 Dec 2019
Craigs Investment Partners will go back to being a staff-owned investment firm after reaching a deal with Germany’s Deutsche Bank to buy its 49.9 percent stake.The deal is subject to the usual approva...