Chatswood serves the life and health insurance sector in New Zealand with market intelligence, data, and bespoke consulting services. Some of these are provided in conjunction with Quality Product Research Limited - a subsidiary that brings you Quotemonster.

We believe that good decisions are more likely to occur when we have good information about the market environment in which we operate. Intuitive leaps and creative decisions are always required, of course, but the more they are based on a firm foundation of observation, the better they tend to be.

Kelly O Kelly O

Fidelity Life offers drought-affected customers premium relief

Fidelity Life has announced they will offer drought-affected Northland, Waikato, King Country, Horizons (Manawatū-Wanganui) and Marlborough-Tasman customers premium relief.

Fidelity Life has announced they will offer drought-affected Northland, Waikato, King Country, Horizons (Manawatū-Wanganui) and Marlborough-Tasman customers premium relief. Fidelity Life customers who are facing financial hardship as a direct result of the drought in these regions who are eligible can apply to have their premiums temporarily waived for up to 3-months, with the potential to extend for up to a further 3-months, without affecting their insurance protection. 

Fidelity Life’s Chief Commercial Officer Bronwyn Kirwan said

“We recognise how tough it’s been for these regions as the dry weather continues and we want to show our support in a meaningful way. Our premium relief offer is a way we’re trying to help ease the burden and be there for our customers when they need us most.”

 

More news:

Collaboration between Retirement Commission and FANZ announced

The FMA to introduce a new newsletter for Financial Advice Providers

mySolutions webinar 'Keeping it as simple as 1..2..3' is on 16 April

Haven announce partnership with Whānau Āwhina Plunket

Report finds majority of investors expect KiwiSaver and other managed fund providers to invest their funds ethically and responsibly

Australian Super funds stung with coordinated cyber-attack

AML Summit 2025 runs from 8 – 9 May in Auckland

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Kelly O Kelly O

Legal and regulatory update for the life and health insurance sector

RBNZ Board is in the process of preparing a recommendation for the appointment of a Governor; FMA announce review of advice sector; FMA release regulatory returns snapshot; FMA publish Samantha Barrass’ speech; FMA release latest Jess Learns to Invest podcast; APRA accept Court Enforcable Undertaking from ANZ; Hon Scott Simpson’s March 2025 diary released; COFR held quarterly meeting; FMA publish fair conduct programme insights report; RBNZ welcome applications to ESAS under new criteria.

1 Apr 2025 - The RBNZ Board is in the process of preparing a recommendation for the appointment of a Governor for six months and will be sending it to the Minister soon. https://www.rbnz.govt.nz/hub/news/2025/04/process-for-the-appointment-of-a-governor-for-a-six-month-term

2 Apr 2025 - FMA announce a review of the advice sector to help drive better outcomes for industry and consumers. It will focus on four key themes, which are:

  1. Consumer preferences and demographics

  2. Industry business models

  3. Digital advice and innovation

  4. Ease of provision of financial advice

https://www.fma.govt.nz/news/all-releases/media-releases/fma-unveils-review-into-financial-advice-accessibility/

2 Apr 2025 - The FMA release a Regulatory Returns snapshot for 1 July 2023 – 30 June 2024. Key statistics (as of 30 June 2024)

  • 1410 licensed financial advice providers submitted regulatory returns

  • 8472 financial advisers compared to 9300 in 2021

  • Life and health insurance are the most common financial products advice is provided on

  • 36 FAPs are providing digital advice and 86,500 retail clients received digital advice

  • 97% of complaints received were settled within 3 months.

https://www.fma.govt.nz/library/reports-and-papers/financial-advice-providers-industry-snapshot/

2 Apr 2025 - The FMA publish Samantha Barrass' speech from the Financial Advice New Zealand Conference. https://www.fma.govt.nz/library/speeches-and-presentations/financial-advice-new-zealand-conference/

2 Apr 2025 - The FMA release Jess Learns to Invest Episode 3 | Understanding Managed Funds with Tom Hartmann. https://www.fma.govt.nz/library/podcast/jess-learns-to-invest-episode-3/

3 Apr 2025 - APRA has accepted a Court Enforceable Undertaking from Australia and New Zealand Banking Group (ANZ) to address ongoing weaknesses in the bank’s non-financial risk management practices and risk culture. https://www.apra.gov.au/news-and-publications/apra-accepts-court-enforceable-undertaking-from-anz-and-increases-capital-add

4 Apr 2025 - Minister of Commerce and Consumer Affairs, Hon Scott Simpson, March 2025 diary released with the following potential financial services sector related meeting noted:

  • 6 Mar 2025 – MEET: Commerce Commission Chair and CE (Dr John Small, Adrienne Meikle)

  • 10 Mar 2025 – MEET: NZ Banking Association CE (Roger Beaumont)

  • 10 Mar 2025 – MEET: FMA Chair and Acting CE (Craig Stobo and Liam Mason)

  • 10 Mar 2025 – MEET: Financial Services Stakeholders (Carl Blanchard & invited guests)

  • 10 Mar 2025 - SPEAK: Financial Services Forum

  • 11 Mar 2025 – SPEAK: Fintech Hui

  • 13 Mar 2025 – MEET: Financial Ombudsman Reviewer (Nanette Moreau)

  • 18 Mar 2025 -MEET: Financial Services Council CE (Kirk Hope)

  • 18 Mar 2025 – MEET: ASB CEO (Vittoria Short, Louise Griffin)

  • 19 Mar 2025 – MEET: FAMNZ (Leigh Hodgetts)

  • 24 Mar 2025 – MEET: NZBA (Roger Beaumont and Dan Huggins)

  • 25 Mar 2025 -MEET: CE of Westpac (Catherine McGrath)

  • 26 Mar 2025 – MEET: Banking Ombudsman CE and Chair (Nicola Sladden and Miriam Dean)

  • 26 Mar 2025 – MEET: Retirement Commissioner (Jane Wrightson)

  • 27 Mar 2025 – MEET: FINCAP (Jake Lilley, Fleur Howard)

  • 27 Mar 2025 – MEET: Financial Service Federation (Katie Rawlinson)

  • 28 Mar 2025 – ATTEND: NZ Banking Assoc Council

  • 31 Mar 2025 - MEET: Suncorp CEO (Jimmy Higgins)

https://www.beehive.govt.nz/sites/default/files/2025-04/Proactive%20Diary%20Release%20Simpson%20Mar%2025%27%20.pdf

4 Apr 2025 - The Council of Financial Regulators (CoFR) held its quarterly meeting on Monday 24 March 2025. The Council discussed the key external factors that could impact the financial system, noting in particular the rapid developments in artificial intelligence and ongoing geopolitical uncertainty. The Council reviewed developments in New Zealand’s payments system and noted the importance of upcoming developments like the passage of the Customer and Products Data Bill. https://www.cofr.govt.nz/news-and-publications/quarterly-statement-by-cofr-march-2025.html

4 Apr 2025 - The FMA have published their fair conduct programme insights report. https://www.fma.govt.nz/library/reports-and-papers/fair-conduct-programme-insights-report/

7 Apr 2025 - The RBNZ is welcoming applications to the Exchange Settlement Account System (ESAS) under new access criteria announced on 31 March 2025. https://www.rbnz.govt.nz/hub/news/2025/04/rbnz-welcomes-new-applications-to-the-exchange-settlement-account-system

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FSC release latest research report ‘Women and Finance in New Zealand’

The Financial Services Council (FSC) have released their ‘Insights and Trends: Women and finance in New Zealand’ 2025 report. With International Women’s Day being celebrated this month, the report aims to better understand how women and finances interact.

The Financial Services Council (FSC) have released their ‘Insights and Trends: Women and finance in New Zealand’ 2025 report. With International Women’s Day being celebrated this month, the report aims to better understand how women and finances interact. Some of the key findings include:

  • FSC research from December 2021 found that over 80% of female respondents considered their financial wellbeing as moderate to very low, with just under 64% of respondents reporting they worried about money at least monthly. By 2024, 70% of women were reporting worrying about money on a daily or weekly (in comparison, 51% of men reported worrying about money on a daily or weekly basis in 2024).

  • Despite reported underconfidence, FSC research has found that women are more financially literate than men overall, with 66% of women answering at least 75% of financial trivia questions correct, compared to 57% of men.

  • Women (61%) are more likely to be in debt than men (43%).

  • Women are more likely to be working part-time, have full-time home duties or be unemployed (43%) than the equivalent for men (14%).

  • 58% of women say they are not particularly financially prepared or not financially prepared at all for retirement.

Last Year, Te Ara Ahunga Ora Retirement Commission found that the retirement gap between men and women has not improved, remaining fixed at a 25% difference since 2023. FSC CEO Kirk Hope said

"The current KiwiSaver settings disadvantages those who take career breaks, disproportionately affecting women who pause their earnings to care for or start their families.

It’s encouraging to see the Government make steps to start to address this, with those receiving paid parental leave from July 2024 being able to choose to make KiwiSaver contributions, and Inland Revenue making employer contributions of 3%.”

 

More news:

nib release their top 5 health claims for January 2025

nib announce nib Balance – a new health tool integrated into the my nib app

Arthur J. Gallagher & Co. has acquired RMA General Limited

Shaw Financial Insurance & Investments is merging with Apex Advice

AMP are looking for a Product Lead to join their Retail team

Government agrees to progressively lower the age of eligibility for bowel cancer screening tests to 58

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Kelly O Kelly O

Legal and regulatory update for the life and health insurance sector

Westpac fined after breaching fair dealing provisions; Privacy Commissioner calls for submissions on draft Biometric Processing Privacy Code of Practice; RBNZ publish Paul Conway’s speech; Hon Andrew Bayly December 2024 diary released.

23 Dec 2024 - Westpac admitted to misleading customers entitled to advertised discounts as well as overcharging some of its business customers, in civil proceedings brought by the FMA at the High Court in Auckland. Westpac’s breaches of the fair dealing provisions under the Financial Markets Conduct Act 2013 (FMCA) affected a total of 24,621 customers and resulted in $6.35m in overcharges. https://www.fma.govt.nz/news/all-releases/media-releases/westpac-admits-to-misleading-representations/

23 Dec 2024 - The Privacy Commissioner has announced his intention to issue a Biometric Processing Privacy Code of Practice and is calling for submissions on the draft Code. https://privacy.org.nz/news/consultations/

29 Jan 2025 - RBNZ publish Chief Economist Paul Conway's speech which discussed New Zealand’s longer-term ‘potential output’ and its significance for monetary policy. https://www.rbnz.govt.nz/hub/news/2025/01/beyond-the-cycle

29 Jan 2025 - Minister of Commerce and Consumer Affairs, Hon Andrew Bayly December 2024 diary released with the following potential financial services sector related meetings noted:

  • 5 Dec 2024 – ZOOM: REVOLUT + UK High Commision (Jeannie Lum + Officials)

  • 6 Dec 2024 – MEET: Fintech Roundtable (invited attendees)

  • 6 Dec 2024 – MEET: Westpac (Catherine McGrath)

  • 6 Dec 2024 – SPEAK: Confirmation of Payee Launch (Duncan Robertson and guests)

  • 10 Dec 2024 – MEET: Resolution Life (Tim Tez & Toda Kazuhide)

  • 16 Dec 2024 – MEET: Commerce Commission (Hon Stephen Jones and Commerce Commission Officials)

  • 16 Dec 2024 – MEET: FMA (Hon Stephen Jones, Craig Stobo, Samantha Barras)

  • 18 Dec 2024 – MEET: Retirement commissioner (Jane Wrightson)

https://www.beehive.govt.nz/sites/default/files/2025-01/Proactive%20Diary%20Release%20Dec%2024%27%20Hon%20Andrew%20Bayly.pdf

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Kelly O Kelly O

How much do you need to save for retirement?

There’s many differences in opinion in how much people need to save for retirement - we take a look at some advice and useful calculators here.

There are many differences in opinion in how much people need to save. Here is a run through some excellent current resources:

This article calculates that if you want a ‘choices’ lifestyle (income of $60,000 - $87,000 a year) you’ll need to have between $890,000 and $1,360,000 saved depending on if you are a single person or a couple. If you want a well-off lifestyle (income of $100,000) a year, you’ll need to have saved somewhere between $1,929,000 and $2,640,000.

Some advisers like to exclude ‘lifestyle assets’ such as a mortgage-free home, caravan and boat from calculations, basing retirement calculations solely on cash and liquid investments. Other people may have downsizing to a smaller home to release some equity as a key part of their retirement strategy.

Retirement Commissioner Jane Wrightson advocates for people to start saving for their retirement as early as possible

“How much you need to save will depend on your own circumstances, but the sooner you start, the better the position you’ll be in when you stop working.”

Mercer Financial Advice launched a retirement income simulator late this year. If you haven’t already checked it out, we recommend you do. This is quite a comprehensive calculator that lets you estimate your projected retirement savings and how long it may last in retirement. What I particularly like about this tool is it lets you factor in the impact of a career break or move to part-time work, something a lot of parents decide to do at some point. It shows you the results in today’s dollars (having deflated the projected dollar amounts based on the rate of wage inflation of 3.2%).

Sorted also have their retirement calculator you can check out. Simply add your current age, the age you’d like to retire, whether you’re planning on your own or with a partner (and their current and retirement ages), whether you want to live in a main centre or the regions, whether you want a no frills, choices or custom weekly allowance, plus your expected KiwiSaver balances at retirement and any other savings, investments, inheritances, sales of a business or other income. You can also choose to include or exclude NZ Super, depending on whether you think it will still be around by the time you retire.

A useful guide for planning how to spend your savings nest egg when it comes time to retire is The New Zealand Society of Actuaries’ Drawdown Rules of Thumb. It sets out different strategies you may like to use depending on your priorities and risk level, whether you intend to leave an inheritance or whether you want to front-load your spending. They have also published Spending patterns through retirement: implications for retirement planning and drawdown which urges those planning for or managing income in retirement to consider how spending patterns can be expected to change throughout the duration of retirement. Their analysis suggests a typical scenario for New Zealand retirees is that real spending reduces by around 2% a year, which would significantly reduce the amount needed to be saved compared to commonly used benchmarks that assume spending stays level in real terms. Though it’s important to note that the data doesn’t show whether the lower spending is because people become less active during retirement and choose not to do things or become constrained by their resources and must give up such options.

All these reports could be used to build a sound basis for the KiwiSaver and wider Superannuation planning services you may offer.

As always, when it comes to something as important and complex as your retirement savings, if you are reading this and you are not a financial adviser, we encourage you to speak to an adviser about your retirement – and while you are at it, your life and health insurance too.

But you probably are a financial adviser, in which case – why not check out Kiwimonster? Our new, free, data service for advisers to help support your KiwiSaver advice process. You can find it at www.kiwimonster.co.nz

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Kelly O Kelly O

Legal and regulatory update for the life and health insurance sector

RBNZ to publish new statistics on credit flows on 5 December; NZs made more than 1,000 privacy complaints; FMA publish Climate-Related Disclosures insights report; Australia pass two major pieces of privacy law reform; RBNZ’s annual re-weighting of the Trade-Weighted Index; APRA release general & life insurance stats for Sep quarter and respond to consultation; Government launches review of NZ’s competition rules; Retirement Commission budget remains unchanged since 2016; RBNZ welcomes new Financial Policy Remit; FMA to launch a pilot regulatory sandbox; results from RBNZ’s digital cash consultation released; RBNZ release update on business expectations survey; RBNZ release review of how deposit takers support financial inclusion; Minister’s November diary released.

3 Dec 2024 - On 5 December, the RBNZ will publish new statistics from the monthly New Credit Flows Survey. The New Credit Flows Survey collects data from registered banks on new lending during the month and its associated weighted average interest rates. This means from 5 December, monthly data will be available that reflects the actual interest rates being taken by customers month-to-month on new residential mortgage loans.

3 Dec 2024 - New Zealanders made a record 1003 privacy complaints to the Office of the Privacy Commissioner last financial year. Agencies (business and organisations) also reported 864 privacy breaches. https://privacy.org.nz/publications/statements-media-releases/no-one-should-be-happy-we-received-over-1000-privacy-complaints/

4 Dec 2024 - The FMA has published its Climate-Related Disclosures insights report from the first set of entities that were required to file climate statements.  https://www.fma.govt.nz/news/all-releases/media-releases/fma-encouraged-by-first-climate-statements/

4 Dec 2024 - Australia has passed two major pieces of privacy law reform: the Australian Privacy and Other Legislation Amendment Bill 2024 and the Online Safety Amendment (Social Media Minimum Age) Bill 2024. https://www.bellgully.com/insights/privacy-update-australian-government-passes-two-major-pieces-of-privacy-law-reform/

4 Dec 2024 - The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on 5 December, with the new weights released. The TWI is a weighted average of the New Zealand dollar against the currencies of New Zealand’s major trading partners. There are 17 currencies included in the TWI basket. The weights are calculated using a fully bilateral trade-weighted methodology. The weight for each currency is based on each country’s direct bilateral trade in goods and services with New Zealand, for the year ended June. https://www.rbnz.govt.nz/hub/news/2024/12/updated-weights-for-trade-weighted-index

5 Dec 2024 - APRA has released its general insurance and life insurance statistical publications for the September 2024 quarter. https://www.apra.gov.au/news-and-publications/apra-releases-quarterly-general-insurance-and-life-insurance-statistics-for

5 Dec 2024 - APRA has released a response to consultation on proposed minor amendments to the prudential framework for authorised deposit-taking institutions (ADIs), insurers and registrable superannuation entity (RSE) licensees. https://www.apra.gov.au/news-and-publications/apra-releases-response-to-consultation-on-minor-amendments-to-prudential-2

5 Dec 2024 - The Government has launched a review of New Zealand’s competition rules, looking to update the competition settings in the Commerce Act to ensure NZ's legal framework is right; and review the governance and effectiveness of the Commerce Commission to ensure NZ's regulatory and enforcement framework is right. https://www.beehive.govt.nz/release/major-review-competition-lift-productivity

6 Dec 2024 - The Retirement Commissioner Jane Wrightson says the Commission’s annual budget has remained unchanged since 2016 and the Commission will be using its financial reserves over the next four years to run the organisation. https://www.interest.co.nz/investing/131130/retirement-commissioner-jane-wrightson-says-commission%E2%80%99s-annual-budget-has

9 Dec 2024 - The Reserve Bank of New Zealand welcomes the new Financial Policy Remit. https://www.rbnz.govt.nz/hub/news/2024/12/rbnz-welcomes-new-financial-policy-remit

10 Dec 2024 - The FMA is launching a pilot “regulatory sandbox” and is asking for applications from interested parties. A regulatory sandbox is a concept which allows firms to test innovative products, services or business models.  An initial pilot phase will run from January to July 2025, with a decision on the need for a permanent FMA regulatory sandbox to be made later in the year.  https://www.fma.govt.nz/library/opinion/fma-launches-regulatory-sandbox-pilot-for-2025/

10 Dec 2024 - RBNZ's Digital Cash consultation finds cash is crucial and current payment options are not delivering what customers want. https://www.rbnz.govt.nz/hub/news/2024/12/kiwis-say-cash-and-privacy-are-crucial-in-record-digital-cash-consultation-response

10 Dec 2024 - RBNZ has published Tara-ā-Umanga Business Expectations Survey: Development update following third pilot. They plan to run a fourth pilot in January 2025.  https://www.rbnz.govt.nz/-/media/project/sites/rbnz/files/publications/bse-background-material/bes-development-update-pilot3.pdf?utm_source=Reserve+Bank+of+New+Zealand&utm_campaign=8347780dcb-Stats+Alert+Business+Survey+of+expectations&utm_medium=email&utm_term=0_-8347780dcb-597079373

11 Dec 2024 - The RBNZ has released a thematic review into how deposit takers support financial inclusion. The review provides an overview of the practices and initiatives deposit takers have introduced to support financial inclusion. https://www.rbnz.govt.nz/hub/news/2024/12/rbnz-thematic-review-identifies-opportunities-to-enhance-financial-inclusion-practices

11 Dec 2024 - Minister of Commerce and Consumer Affairs, Hon Andrew Bayly November 2024 diary released with the following potential financial services sector related meetings noted:

  • 4 Nov 2024 – MEET: Financial Markets Authority (FMA Officials)

  • 5 Nov 2024 – ATTEND: Launch of Australasian Open Banking eco system report (invited guests)

  • 7 Nov 2024 – MEET: NZBA (Roger Beaumont, Miles Erwin)

  • 7 Nov 2024 – CALL: Banking Ombudsman (Miriam Dean)

  • 11 Nov 2024 – MEET: Kiwisaver Roundtable (invited guests)

  • 11 Nov 2024 – MEET: CEO of Financial Services Council (Kirk Hope)

  • 13 Nov 2024 – MEET: FMA (Craig Stobo and Samantha Barrass)

  • 13 Nov 2024 – MEET: MBIE Officials (Suzanne Stew)

  • 20 Nov 2024 – MEET: NZBA (Dan Huggins)

  • 20 Nov 2024 – MEET: MBIE Officials (MBIE officials)

  • 21 Nov 2024 – SPEAK: NZ & Australia Chartered Accontants Conference (conference attendees)

  • 21 Nov 2024 – MEET: Commerce Commission Meeting (Commerce Commission Officials)

  • 22 Nov 2024 – MEET: Securities Industry Association and FMA (Tim Kiefte, Bridget MacDonald, Craig Stobo, Samantha Barrass and SIA members)

  • 27 Nov 2024 – PHONE: Retirement Commissioner (Jane Wrightson )

https://www.beehive.govt.nz/sites/default/files/2024-12/Proactive%20Diary%20Release%20Nov%2024%27%20Hon%20Andrew%20Bayly.pdf

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Kelly O Kelly O

Fidelity Life announce incoming Board Chair

Fidelity Life has announced that Scott Pickering will take up the reins as chair of its Board of Directors, effective 1 January 2025.

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Kelly O Kelly O

FSC sees opportunities for increased contributions to KiwiSaver

KiwiSaver has been in the news recently with the FMA releasing their KiwiSaver Annual Report 2024. The FSC have welcomed the insights from the FMA report and said they see opportunities for increased contributions.

KiwiSaver has been in the news recently with funds under management surpassing the $100b mark and the Financial Markets Authority (FMA) releasing their KiwiSaver Annual Report 2024. The Financial Services Council (FSC) have welcomed the insights from the FMA report and said they see opportunities for increased contributions. Kirk Hope, CEO of the FSC said,

“With KiwiSaver funds under management surpassing the $100bn mark, this is a great opportunity to look at KiwiSaver contribution settings and how we can make it affordable over time so that New Zealanders can have dignity in retirement.”

“Increasing contribution levels, in combination with financial literacy that helps New Zealanders understand the benefits and mechanisms of KiwiSaver, are key to driving better retirement outcomes,”

 

More news:

nib join the Sustainable Business Council NZ

Asteron Life, Chubb Life & Fidelity Life are finalists at the New Zealand Insurance Industry Awards

Fidelity Life employees have unlimited access to LinkedIn’s library of courses

IFSO take their first enforcement proceeding against a Participant

Jon-Paul Hale recommends advisers are clear in explaining unfunded medicines

Workplace Savings End of Year Function 2024 on 4 November

Fidelity Life offer advisers opportunity to go on professional development course

FinTech NZ Annual Meeting on 6 November

Retirement Commissioner says there’s a “crucial need” for all political parties to support a stable retirement policy

Mental Health Minister announces Child and Youth Mental Health and Addiction Prevalence Survey

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Kelly O Kelly O

AIA held annual summit

AIA NZ held their annual Healthier, Longer, Better Lives Summit on 4 July.

AIA NZ held their annual Healthier, Longer, Better Lives Summit on 4 July. The conference brought together advisers to hear from a range of speakers around the Healthier, Longer, Better Lives theme.

  • AIA NZ Chief Executive Officer, Nick Stanhope, AIA NZ Head of Aligned Advice, Jack Newman, and advisers Leelee Stone and Katrina Church discussed what Healthier, Longer, Better Lives means to them, and the crucial role advisers play in the industry.

  • David Letele discussed the health burden in society and the important role that preventative health plays in relieving this burden.

  • Raelene Castle, Group Chief Executive at Sport New Zealand and High Performance Sport New Zealand, shared her practical and unique methods for achieving growth.

  • Craig Deats, Global Sales and Distribution Executive at Vitality Global, spoke about AIA Vitality, a science-backed health and wellbeing programme, and how it is delivering value for advisers. This session was followed by an AIA Vitality Q&A, where Craig shared insights on the global programme and engaged with attendees.

  • Dame Valerie Adams, a shotput World Champion, Olympian and AIA Vitality ambassador, discussed the ‘For Myself’ pillar and what that meant to her.

 

More news:

Agenda try to persuade Government to ban insurers from using genetic testing information

AIA announce the winners of the Supreme Aspire Awards

Chubb Life launch new marketing campaign called Mission Insurable

Chubb Life implement email automation technology

The Adviser Platform (TAP) appoint Taz Alnahas as key account manager and Meryll Villaver as client engagement manager

Steve Wrights questions whether today's trauma products are fit-for-purpose

Accuro offer discount on insulated jackets at Kathmandu

Gallagher are giving away native trees in Napier

FMA publish the latest 'Money with Mary' article

Budget cuts at the Retirement Commission could impact Sorted website and other programmes of work

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Kelly O Kelly O

nib quarterly premium review results in price increases

nib’s premium review results in price increases for current members and new policies sold this quarter.

As part of a quarterly review, nib have reviewed their health insurance premiums. The changes affect both current members renewing their policies and new policies sold this quarter. The changes for renewing customers are below, with the change in premium for each member varying depending on the benefits, options and excess they have selected, who the policy covers and whether the premium includes a policy fee.

Premiums included in quotations for prospective new members will be updated from 1 July 2024 and the new rates will be automatically updated in nibAPPLY. Quotations dated before 1 July 2024 will be honoured if the application goes into force within 30 days of the quotation date.

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