RSS Feed[Weekly Wrap] So, what do you think?
This week’s wrap starts with a little promo. Good Returns, New Zealand’s number one news website for advisers, is continually evolving and developing. From today we have added a new function where you can comment on articles. To do this use the comments box at the end of each article.
This is a great way for readers to comment on issues when they arise and give feedback to issues.
Two stories this week which you may like to comment on are the Commerce Commission’s heads-up in its ING funds investigation and the Ministry of Economic Development’s discussion papers on a complaints scheme.
It seems to me that the Commerce Commission announcement that any decisions on whether ING’s frozen funds were mis-sold are months away, and that even if it did think there was mis-selling, action may not be taken giving investors a clear steer on how to vote.
The MED’s proposals on a complaints scheme, and news that many organisations are interested in setting up suitable schemes is one of those necessary discussions. Since we published the story earlier, we have added copies of the discussion documents. You can download both here.
It seems having a robust complaints scheme will be good for the industry. It was interesting to see the latest Financial Knowledge Survey which said that less than 20% of New Zealanders have sought advice.
A couple of our other news stories this week have been strongly investment focused. These include a report on hedging strategies used by New Zealand managers, and also changes to tax rules with international bond funds.
On the life insurance product front we have the latest stats from the Health Funds Association which paint a positive picture of the health insurance market and also Russell Hutchinson asks a question: What is trauma for?
Today we also report that the move to separate the Asia-Pacific life insurance assets of AIG into a new company have taken another step forward.
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Ray#39;s Story - quot;I always cursed those monthly payments − but now, I#39;m so pleased I kept them up.quot; Sovereign New Zealand - Last ...
Life Insurance Policies Nz- News
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Genworth Financial Announces Fourth Quarter 2011 Results MarketWatch (press release) table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGFKegE6JjAGkHDP-tg_1Ik4T74NAamp;url=http://www.marketwatch.com/story/genworth-financial-announces-fourth-quarter-2011-results-2012-02-02bGenworth Financial Announces Fourth Quarter 2011 Results/b/abr /font size=-1bfont color=#6f6f6fMarketWatch (press release)/font/b/fontbr /font size=-1Fourth quarter earnings improved from the prior year driven by US bLife Insurance/b and US Mortgage Insurance (US MI) results. International platform capital generation remained strong.quot; Net investment gains, net of tax and other adjustments, b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dfmFsUzre7MrEpMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table |
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Insurance premiums to rise Jamaica Gleaner table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEkf4hr2FP3KGyfL29kIVp7pPDBXAamp;url=http://jamaica-gleaner.com/gleaner/20120205/business/business4.htmlimg src=//nt1.ggpht.com/news/tbn/ERW-j7v24LX0WM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Jamaica Gleaner/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEkf4hr2FP3KGyfL29kIVp7pPDBXAamp;url=http://jamaica-gleaner.com/gleaner/20120205/business/business4.htmlbbInsurance/b premiums to rise/b/abr /font size=-1bfont color=#6f6f6fJamaica Gleaner/font/b/fontbr /font size=-1Jamaica#39;s largest binsurance/b company, which operates in the blife/b market, says the falling earnings on interest-linked products will likely be offset by adjusting the cost of bcoverage/b. Horace Johnson, assistant vice-president, actuary and risk officer at b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dBUFkHPGnu6gr0Mamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table |
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Fake qualifications anger students TVNZ table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGHXCyyuS7H-2tzxEcRKwxbN5oGkwamp;url=http://tvnz.co.nz/national-news/fake-qualifications-anger-students-4712255bFake qualifications anger students/b/abr /font size=-1bfont color=#6f6f6fTVNZ/font/b/fontbr /font size=-1Instead, they sold blife insurance/b and organised fundraising socials during the duration of the course. quot;She gave us a lot of tickets, like 30, $10 a ticket. If we didn#39;t sell the tickets then we had to pay for it ourselves,quot; the student told ONE News./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dwd_gnCf5U_lVwMamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table |
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Frederick H. Eppinger Worcester Telegram table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEEbYsm-rkemdHHg-yj5AUEBYHsHgamp;url=http://www.telegram.com/article/20120205/NEWS/102059979/1002/businessbFrederick H. Eppinger/b/abr /font size=-1bfont color=#6f6f6fWorcester Telegram/font/b/fontbr /font size=-1A Spencer native, Frederick H. Eppinger has been the president and chief executive officer of Worcester-based Hanover bInsurance/b Group since 2003. The 5200-employee Worcester-based company provides property and casualty binsurance/b all over the world./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=di_89ZQvQ9bNIeMamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table |
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Adrift in limbo land The Press table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHWewus47DldkMMo8qy4UpHlxBlbwamp;url=http://www.stuff.co.nz/the-press/news/christchurch-earthquake-2011/6365644/Adrift-in-limbo-landimg src=//nt2.ggpht.com/news/tbn/Dqn3frbHo9rsSM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2The Press/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHWewus47DldkMMo8qy4UpHlxBlbwamp;url=http://www.stuff.co.nz/the-press/news/christchurch-earthquake-2011/6365644/Adrift-in-limbo-landbAdrift in limbo land/b/abr /font size=-1bfont color=#6f6f6fThe Press/font/b/fontbr /font size=-1In January, Cera chief executive Roger Sutton told Radio bNew Zealand/b that he expected news in February. A Cera spokeswoman directs the question to earthquake recovery minister Gerry Brownlee#39;s office. A spokesman for Brownlee says that the majority of b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dqwmUQQSfUuxpuMamp;ned=usnobrb/b/nobr/a/font/div/font/td/tr/table |
