RiskinfoNZ Weekly News Summary

Weekly News Wrap for 29 June 2021


Listen Later

With industry speculation rife that Westpac is close to sealing a deal to offload its New Zealand life business – the big question is – who's in the running.

JP Morgan is handling the sale for Westpac and Riskinfo NZ has contacted New Zealand's top insurers to see what their interest is in obtaining the bank's Life book – said to be valued at around $500 million.


A new publication from Strateg - eye Compliance aims to show financial advisers that working under the new regulatory regime is more flexible than many may believe – while also revealing the firm’s checklist for reviewing compliance standards.

Its publication – What does compliant financial advice really look like? – is aimed at financial advisers, managers and owners of financial advice providers.



The Adviser Platform (TAP) is offering professional indemnity (PI) cover underwritten by international insurance firm QBE.

Single adviser pricing starts at $2,600 a year and includes a $10 million limit on any one claim.



The number of privacy breach notifications seen by the Privacy Commissioner nearly doubled in the six months to May.

The commissioner saw a 97% increase in privacy breach notifications since the new Privacy Act came into force on December 1, when compared to the six months prior to its introduction.

The most common category of privacy breaches were email errors, with emails containing sensitive information going to the wrong person.



Partners Life is helping school students understand the value of money and insurance by lending its technical expertise to help create a life and health insurance education module for financial education firm Banqer.

In addition to technical help, the insurance firm’s sponsorship pays for an additional 1,250 students to access the platform at no cost.

Partners Life Chief Marketing Officer Kris Ballantyne says Research shows that normalising lessons through education is an important step towards developing financial capability from a young age.


Look out for our monthly wrap of the month's biggest stories, it will be in your inbox before the weekend.


Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

RiskinfoNZ Weekly News SummaryBy RiskinfoNZ